Platinum Equity to acquire PAE
Platinum Equity announced on January 19 that it has signed a definitive agreement to acquire PAE from Lindsay Goldberg. PAE is a leading provider of enduring support for the essential missions of the U.S. government, its allied partners and international organizations. Financial terms were not disclosed. The transaction is expected to close by the end of February 2016 subject to regulatory approvals.
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.
“We look forward to partnering with PAE’s management team to drive continued growth and help maximize operational performance throughout the business,” said Platinum Equity Partner Louis Samson. “PAE has a strong management team, long-term customer relationships and dedicated employees delivering vital services around the world.”
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.
“We have been very pleased with our investment and partnership with PAE’s CEO John Heller and his management team,” said Lindsay Goldberg Partner Russell Triedman. “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,” said John Heller. “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.”