PAE Acquires USIS Global Security And Solutions Business
Source: Inside Defense.
PAE, the company divested by Lockheed in 2011, is bulking up, announcing Friday that it has bought the 1,900-employee global security and solutions business of U.S. Investigations Services.
The deal comes as many contractors are seeking to diversify their businesses. John Heller, PAE's chief executive, told InsideDefense.com that the acquisition would expand PAE's customers and skills, particularly expanding its work with the Department of Homeland Security and the Justice Department. The terms of the acquisition were not disclosed.
Since being divested from Lockheed and sold to private-equity firm Lindsay Goldberg, PAE, best known for its work overseas, including military training and embassy support, has made several acquisitions.
For more information, please click here.