PAE's acquisition of the Global Security and Solutions business from U.S. Investigations Services is all about new markets, new customers and new capabilities.
The deal isn't even a day old, and company executives are already talking about how they identified $600 million in new opportunities. That was just during the deal making and due diligence process before the transaction closed.
Those new opportunities were "part of our investment thesis," said John Heller, PAE's CEO. "Our goal is to expand into a few different customers, particularly at in the homeland security and national areas."
PAE's 60-year legacy is strong with the Defense and State departments, Heller said, "Now we've added service offerings that we can bring to our existing customers and there is an opportunity for us to introduce what we do to GS&S customers."
Those new customers are primarily with the Homeland Security Department and national security agencies.
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