Home / M&A Activity / Constellis to Buy Centerra Group in Public Sector Risk Mgmt Push

Constellis to Buy Centerra Group in Public Sector Risk Mgmt Push

Constellis has agreed to buy Centerra Group and its subsidiaries from an Alvarez & Marsal Capital affiliate for an undisclosed sum in a move to expand Constellis’ U.S. footprint and build up its relationships with government customers in the risk management sector.

Both companies expect to complete the transaction in the second quarter of 2017 pending regulatory approvals and other customary closing terms, Constellis said Monday.

Constellis CEO Jason DeYonker said the company aims to accelerate growth efforts in the U.S. risk management market that includes the Energy Department and other agencies as clients.

Reston, Virginia-based Constellis has at least 8,000 employees who provide risk management and crisis response, logistics, training and security support services to commercial and government clients at more than 25 countries in Africa, Europe, Middle East and the Americas.

Palm Beach Gardens, Florida-based Centerra is made-up of approximately 9,000 employees and offers security, base operations, humanitarian-related support, training and fire suppression services to domestic and foreign government agencies.

Constellis will fund the transaction and refinance the combined entity’s existing debt through funding commitments from Citi, Credit Suisse, Barclays and Goldman Sachs.

Paul, Weiss, Rifkind, Wharton & Garrison and Akin Gump Strauss Hauer & Feld serve as legal advisers to Constellis’ and Apollo Global Management’s (NYSE: APO) affiliates in the deal.

Check Also

Report: Nelson Pedreiro Appointed to Lead Lockheed’s Space Research Org

Nelson Pedreiro, formerly chief engineer for strategic and missile defense systems at Lockheed Martin‘s (NYSE: …

General Dynamics to Continue INSCOM IT Support Under Potential $300M Contract

A business unit of General Dynamics (NYSE: GD) has received a potential $300 million contract to continue to …

Subscribe to our Newsletter
I will subscribe later