A consortium of companies is nearing a deal to purchase consultancy Affiliated Computer Services (ACS) for more than $8 billion, according to The New York Times. The group behind the takeover is led by Texas Pacific and includes Bain Capital and the Blackstone Group. Dallas-based ACS counts General Electric, McDonald's and many healthcare companies among its clients. In particular, ACS is a specialist in transaction processing for many state Medicaid programs. In 2005 ACS reported net income of $2.5 billion.
- see this article from The New York Times