Government contracting M&A update - H2 2022

Read more about M&A trends and activity in this sector

Sector highlights

Market Commentary

  • Deal volume remains strong with 61 Government Services M&A deals in the 2nd half of 2022 v. 78 in the 1st half.
  • 2022 Govt Services deal volume of 139 is below a record 2021 (152 deals) but still above previous years.
  • PE buyers continue to be a major player in the Government Services market representing 53% of all deals (Platform: 16%, Bolt-On: 37%), which is the highest over the past 5 years.
  • As the decisive decade in geo-politics continues, government and industry partnerships in the ADG space are critical in order to support, modernize, defend, harmonize and position US global leadership.

Government Services by Buyer Type

Government Services by Seller Type


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