Government services contractor Amentum has completed its previously announced acquisition of mission-critical solutions provider PAE Incorporated (PAE).
The acquisition closed approximately four months after the two companies signed a definitive agreement to execute the deal.
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The company acquired PAE’s outstanding shares of common stock, in an all-cash transaction, for an estimated $1.9bn, including certain fees and the assumption of debt.
The acquisition creates one of the largest providers of critical services to US federal and allied governments.
Amentum CEO John Vollmer said: “Acquiring PAE is a meaningful step forward in our commitment to being the best partner to our clients.
“We look forward to bringing the best people, and the most differentiated solutions, to support our clients’ success across defence and civilian agencies while accelerating our growth in intelligence and technology services.”
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By GlobalDataPAE was based in Falls Church, Virginia. The company had a global workforce of nearly 20,000, across 60 countries.
At the time of the announcement of the deal, PAE interim president and CEO Charles Peiffer said: “This strategic combination of two market-leading companies will benefit our customers, and create increased opportunities for our employees while maximising shareholder value.”
The acquisition will strengthen Amentum’s capabilities in synthetic training, spectrum and electronic warfare, sensor-based technologies, intelligence, cyber and IT, satellite communication connectivity, and mission support, among other areas.
Headquartered in Germantown in Maryland, US, Amentum supports critical programmes across defence, security, intelligence, and energy sectors.
The company employs approximately 57,000 people globally.
