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.

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