Platinum Equity completes acquisition of PAE
Platinum Equity announced on March 15 that it has completed the acquisition of PAE. Financial terms were not disclosed.
PAE, headquartered in Arlington, VA., supports the execution of complex and critical missions by providing global logistics and stability operations, technical services and national security solutions to customers on all seven continents.
“PAE has a rich history with strong long-term customer relationships and dedicated employees delivering vital services around the world,” said Platinum Equity Partner Louis Samson. “The company has experienced leadership with a strong track record for growth. We are working closely with the management team to continue pursuing new opportunities to expand the business both organically and through prospective add-on acquisitions.”
PAE CEO John Heller said he expects a seamless transition.
“We are excited to begin this new chapter in PAE’s history and look forward to partnering with Platinum as we continue supporting the critical missions of our customers around the world,” said Mr. Heller.
Source: Platinum Equity