Platinum Equity-backed PAE, provider of outsourced solutions for enduring missions of the US government completed the merger with Gores Holdings III, a special purpose acquisition company, in a $1.55bn deal. “Through a culmination of efforts by a workforce dedicated to excellence and professionalism, PAE has reached this milestone. We’re grateful to Platinum Equity, Gores Holdings III and the investors who share our optimism in PAE’s growth value. Although we are now a public company, nothing changes with respect to our commitment to our customers, our exceptional employees and our focus on building on our nearly 65-year tradition of being a trusted partner to the U.S. government and our allies worldwide,” John Heller, PAE CEO.