Announced
Completed
Financials
Tags
outsourced solutions
Majority
Defense
government contractor
Single Bidder
Acquisition
Public
Friendly
United States
Domestic
Private Equity
Completed
Synopsis
Amentum, a premier global government and private-sector partner, completed the acquisition of Pacific Architects and Engineers, an American defense and government services contractor, from Platinum Equity for $1.9bn. "By achieving an approximately 70% premium over PAE’s closing price on October 22, 2021, PAE’s Board believes this transaction will deliver significant value for PAE’s shareholders. This is a historic milestone in PAE’s legacy of service to the US Government spanning over 66 years. I want to commend Interim President and CEO Charlie Peiffer and the rest of the PAE management team for their outstanding work in getting the transaction to this point given many competing demands," Marshall Heinberg, PAE Chairman of the Board of Directors.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.