Hello, Guest!
  • Wednesday, April 24, 2024

Reuters: PAE Attracts Acquisition Offers From 3 Investment Firms


acquisitionThree private equity firms have put forward bids to acquire Arlington, Virginia-based government services contractor PAE from owner Lindsay Goldberg, Reuters reported Friday.

Mike Stone and Greg Roumeliotis write Apollo Global Management emerged as the leading bidder during a recent auction process and is currently in talks with Lindsay Goldberg for a potential acquisition of PAE at up to $900 million.

American Securities and Platinum Equity also participated in the auction, according to Reuters.

Lindsay Goldberg, a private equity firm headquartered in New York City, acquired PAE from Lockheed Martin (NYSE: LMT) for about $350 million in 2011.

Video of the Day

Related Articles

Amentum CEO John Heller Earns 8th Wash100 Award for Spearheading Company’s Strategic Transformation Wash100

Amentum CEO John Heller Earns 8th Wash100 Award for Spearheading Company’s Strategic Transformation

Executive Mosaic is pleased to name Amentum CEO John Heller as a 2024 Wash100 Award winner. Heller’s eighth win recognizes his strategic transformation of Amentum and his efforts to drive the organization’s expansion through M&A initiatives. Participate in the 2024 Wash100 popular vote competition now! Cast your ten votes for John Heller and other GovCon leaders at Wash100.com. 

Credence Books $899M USAID Humanitarian Assistance Support Task Order Contract Awards

Credence Books $899M USAID Humanitarian Assistance Support Task Order

Credence Management Solutions has won a potential five-year, $898.7 million task order from the U.S. Agency for International Development to provide administrative, operational and technical support services for USAID’s bureau for humanitarian assistance, G2Xchange FedCiv reported Tuesday. USAID received three offers for the Bureau for Humanitarian Assistance Support Contract and made the award through the

Defense & Intell Veteran Michele Cook Named Chief Strategy Officer at Integral Federal Executive Moves

Defense & Intell Veteran Michele Cook Named Chief Strategy Officer at Integral Federal

Michele Cook, a 25-year defense and intelligence industry veteran, has been appointed chief strategy officer at information technology services provider Integral Federal. She will be responsible for overseeing the company’s corporate growth strategy and supporting innovation and growth initiatives in her new capacity, Integral Federal said Friday. Integral President and CEO Wayne Wilkinson remarked that