Platinum Equity to Acquire PAE, Deal Expected to Close in February

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John Heller, PAE

John Heller, PAE

Platinum Equity announced Jan. 19 that it has signed a definitive agreement to acquire Arlington, Va.-based PAE from Lindsay Goldberg. The transaction is expected to close by the end of February 2016, subject to regulatory approvals. Financial terms were not disclosed.

“We look forward to partnering with PAE’s management team to drive continued growth and help maximize operational performance throughout the business,” Platinum Equity Partner Louis Samson said. “PAE has a strong management team, long-term customer relationships and dedicated employees delivering vital services around the world.”

“We have been very pleased with our investment and partnership with PAE’s CEO John Heller and his management team,” Lindsay Goldberg Partner Russell Triedman said. “Together with our patient capital and active business building, the PAE leadership team has built an exceptional organization and company over the past several years.”

“Through strategic acquisitions and our significant organic growth in recent years, PAE has diversified its portfolio across the spectrum of government services,” Heller said. “We are well-positioned to address a growing number of our nation’s most critical national security and foreign policy mission requirements and continue our organic and inorganic growth by leveraging over 60 years of proven performance.”

“With PAE’s announcement, M&A trumps IPO for the third time in a row considering Alion and SRA’s recent sale transactions,” KippsDeSanto & Co. Managing Director Robert Kipps said.

Lindsay Goldberg acquired PAE from Lockheed Martin Corporation in 2011. Since that time, the company has completed four acquisitions in the past five years as part of a strategic growth strategy to incorporate new customers and new capabilities that align with its mission-focused company culture.

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