PAE - PAE to acquire CENTRA Technology to expand its footprint in intelligence community support
PAE's (PAE) subsidiary entered into a definitive agreement to acquire Massachusetts based, CENTRA Technology for a cash consideration of ~$208M to strengthen PAE's intelligence, defense, and national and homeland security businesses.CENTRA is an intelligence analysis service provider focused on providing mission critical services to the intelligence community and other U.S. national and homeland security customers.The business combination is expected to be accretive to key financial metrics including organic revenue growth, adjusted EBITDA margins and free cash flow. Further, CENTRA’s business will broaden PAE’s customer reach and will add attractive contract vehicles to the company’s portfolio.The transaction is expected to close in 4Q 2020, subject to regulatory approvals and customary closing conditions. PAE expects to fund the purchase price of ~$208M with cash on hand and utilization of its delayed draw term loan.
For further details see:
PAE to acquire CENTRA Technology to expand its footprint in intelligence community support