WashingtonExec
  • News & Headlines
  • Executive Councils
  • Videos
  • Podcast
  • Events
    • 🏆 Pinnacle Awards
    • 🏆 Chief Officer Awards
  • About
  • Contact Us
Latest Video:
https://www.youtube.com/watch?v=3_0OGr8ie5g&list=UULFQpADaPZpDb8HwwScpJ2OPQ
Podcast Episodes
LinkedIn Facebook X (Twitter) Instagram YouTube
LinkedIn Facebook X (Twitter) Instagram YouTube
WashingtonExec
Subscribe To The Daily
  • News & Headlines
  • Executive Councils
  • Videos
  • Podcast
  • Events
    • 🏆 Pinnacle Awards
    • 🏆 Chief Officer Awards
  • About
  • Contact Us
LinkedIn YouTube X (Twitter)
WashingtonExec
You are at:Home»News»Mergers & Acquisitions»Platinum Equity to Acquire PAE, Deal Expected to Close in February
Mergers & Acquisitions

Platinum Equity to Acquire PAE, Deal Expected to Close in February

By Lauren BudikJanuary 19, 2016
Share
LinkedIn Facebook Twitter Email
John Heller, PAE
John Heller, PAE

Platinum Equity announced Jan. 19 that it has signed a definitive agreement to acquire Arlington, Va.-based PAE from Lindsay Goldberg. The transaction is expected to close by the end of February 2016, subject to regulatory approvals. Financial terms were not disclosed.

“We look forward to partnering with PAE’s management team to drive continued growth and help maximize operational performance throughout the business,” Platinum Equity Partner Louis Samson said. “PAE has a strong management team, long-term customer relationships and dedicated employees delivering vital services around the world.”

“We have been very pleased with our investment and partnership with PAE’s CEO John Heller and his management team,” Lindsay Goldberg Partner Russell Triedman said. “Together with our patient capital and active business building, the PAE leadership team has built an exceptional organization and company over the past several years.”

“Through strategic acquisitions and our significant organic growth in recent years, PAE has diversified its portfolio across the spectrum of government services,” Heller said. “We are well-positioned to address a growing number of our nation’s most critical national security and foreign policy mission requirements and continue our organic and inorganic growth by leveraging over 60 years of proven performance.”

“With PAE’s announcement, M&A trumps IPO for the third time in a row considering Alion and SRA’s recent sale transactions,” KippsDeSanto & Co. Managing Director Robert Kipps said.

Lindsay Goldberg acquired PAE from Lockheed Martin Corporation in 2011. Since that time, the company has completed four acquisitions in the past five years as part of a strategic growth strategy to incorporate new customers and new capabilities that align with its mission-focused company culture.

Related: WashingtonExec’s Inaugural Top 30 Execs to Watch List

ESP TILE AD

Previous ArticleFred Funk Named President, Cyber and SIGINT Systems at Vistronix
Next Article Beth Hiatt Named Chief Operating Officer at Unissant

Related Posts

WATCH: Director William Lietzau on Establishing DCSA and Leading Transformation Efforts

Wray Varley on the Scalability, Inclusivity of Digital Realty’s Data Center Platform

Top CFOs to Watch in 2023: Cadmus’ Cindy Shephard

Comments are closed.

2023 WashingtonExec Pinnacle Awards are November 16, 2023
Trending

WATCH: Director William Lietzau on Establishing DCSA and Leading Transformation Efforts

September 21, 2023

Wray Varley on the Scalability, Inclusivity of Digital Realty’s Data Center Platform

September 21, 2023

Top CFOs to Watch in 2023: Cadmus’ Cindy Shephard

September 21, 2023

Top CFOs to Watch in 2023: Aeyon’s Jeff Pagano

September 21, 2023

Top CFOs to Watch in 2023: MAXISIQ’ Josh Montgomery

September 21, 2023
Quick Links
  • Executive Councils & Committees
  • Chief Officer Awards
  • Pinnacle Awards
  • Advertise With Us
  • About WashingtonExec
  • Contact

Subscribe to The Daily

Get federal business news & insights delivered to your inbox.

  • Facebook
  • Twitter
  • LinkedIn
  • YouTube
Copyright 2023 © WashingtonExec, Inc. | All Rights Reserved. Powered by J Media Group

Type above and press Enter to search. Press Esc to cancel.