CACI International Inc has completed its transaction with affiliates of Madison Dearborn Partners and CoVant Management to buy LGS Innovations.
The strategic acquisition complements CACI’s January purchase of Mastodon Design and accelerates CACI’s growth in its intelligence systems and support, space operations and resiliency, communications, and cybersecurity market areas, the company said.
The combined purchase price of LGS and Mastodon Design is expected to be $975 million or $835 million net of transaction-related tax benefits worth $140 million on a net present value basis.
“CACI’s acquisition of LGS Innovations is the next step in our established strategy to invest in and expand our offerings in signals intelligence, electronic warfare, and cyber products and solutions,” said CACI President and CEO Ken Asbury. “Our collective strengths give CACI a significant competitive advantage in our marketplace and meet our government’s need for agile innovation in developing and deploying advanced capabilities to our warfighters.”
1 Comment
Pingback: Kevin Kelly Talks STEM Executive of the Year Award and LGS Programs | WashingtonExec