Home / M&A Activity / CACI Closes $820M Six3 Systems Buy; Jack London, Ken Asbury Comment

CACI Closes $820M Six3 Systems Buy; Jack London, Ken Asbury Comment

Jack London
Jack London

CACI International (NYSE: CACI) has wrapped up its $820 million acquisition of Six3 Systems from private equity firm GTCR, closing the largest-ever transaction in CACI’s history.

Arlington, Va.-based CACI aims for the acquisition to further build up its offerings in the C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), intelligence and cyberspace markets. CACI said Friday.

New market opportunities are estimated to be worth $15 billion, according to CACI.

Jack London, CACI chairman of the board, said the company aims to grow Six3 Systems’ customer base in the national security sector.

Ken Asbury - CACI,  ExecutiveMosaic

Ken Asbury, CACI president and CEO, said the transaction aligns with the company’s strategy to win new business, drive operations and continue mergers and acquisitions initiatives.

Six3 Systems expects its calendar year 2013 revenue to reach nearly $470 million and CACI aims for the purchase to increase its GAAP earnings per share by at least 5 percent in that same timeframe.

McLean, Va.-based Six3 Systems provides national security services to the Defense Department and other defense, intelligence and civilian customers.

Check Also

Kevin McDonnell to Join AeroVironment as SVP, CFO

Kevin McDonnell, former senior vice president and chief financial officer of JAMS, has been appointed to the same positions at unmanned aircraft system maker AeroVironment (Nasdaq: AVAV). His appointment is effective Feb. 10 and he will succeed Brian Shackley, who has held the CFO role at AeroVironment on an acting basis since October, the company said Thursday.

Army Engineers Select Brayman for $320M Bluestone Dam Rehabilitation Contract

Brayman Construction has landed a potential nine-year, $319.6M contract from the U.S. Army Corps of Engineers to renovate recreational areas and equipment at the Bluestone Dam's stilling basin in West Virginia.