Quick Take
CACI International (CACI) has agreed to acquire LGS Innovations for $750 million in an all-cash transaction.
LGS has developed a variety of communications products and services for U.S. defense, intelligence, and other government agencies.
CACI acquired LGS along with Mastodon to expand its offerings in the growing and lucrative government security market.
Having loaded up on debt to acquire the two firms, management will need to prove the worth of the $1 billion combined cost of the two additions to its portfolio of capabilities.
Target Company
Herndon, Virginia-based LGS was founded