Join Bass, Berry & Sims attorney, Sylvia Yi, on an authoritative panel alongside Brad Jorgenson (DLA Piper) and Robert J. Wagman Jr. (Bracewell) as they discuss the unique and complex legal issues involved with government contractor M&A transactions and provide best practices for navigating the due diligence process and mitigating risks under increased regulatory scrutiny.
For registration information and additional details, please visit the Strafford website.
Description
Government contractors are generally good investments because the government is the largest qualified buyer/customer of technology, there are greater lower/middle market opportunities, and market forces have limited impact on the government buyer. However, mergers and acquisitions involving companies that conduct business with the federal government present a unique set of challenges. Several statutes and regulations are implicated in such transactions, whether the federal government is a company’s smallest customer or its only customer.
Recent DOD and Government Accountability Office (GAO) reports and comments from Senators Warren and Round indicate that there is growing executive and legislative interest throughout the government to take a more exhaustive look at DOD-adjacent M&A transactions. If the concerns and recommendations from these government sources take root, M&A transactions involving government contractors are likely to face increased oversight for a broader range of potential issues. Large defense contractors may also face greater competition as procurement opportunities are broken up.
Careful and thorough due diligence is critical to uncovering, allocating, and mitigating the unique risks associated with M&A transactions involving government contractors and calculating the real value of the target.
Outline
- Overview of market conditions and developments in government contractor M&As
- Increased scrutiny of DOD contractor deals
- Why government contractors are good investments
- Ideal attributes of a government contractor target/acquisition
- Unique government contracting rules that affect M&A transactions
- Challenges with government contractor investments
- Special due diligence considerations
- Best practices to minimize risk
- Key integration considerations
- Government contractor M&A outlook
- Key takeaways
Benefits
The panel will review these and other key issues:
- What are the latest developments in M&A transactions involving government contractors and what factors are driving the increased regulatory scrutiny relating to these deals?
- Why are government contractors good investments and what are the ideal attributes of a government contractor target/acquisition?
- What are the challenges in a government contractor M&A transaction and how can these challenges be minimized with effective due diligence?
- How can deal parties minimize liability exposure in M&A transactions involving government contractors?
- What does increased executive and legislative interest in government contractor M&A transactions mean for the future of these deals?