On November 16, Falls Church, VA-based PAE announced that its subsidiary has entered into a definitive agreement to acquire Metis Solutions Corporation, a leading provider of intelligence analysis, operational and tactical training and program management, for approximately $92 million in cash. This represents a transaction multiple of approximately 9.7x CY2020 adjusted EBITDA, adjusted for estimated annual cost synergies.
PAE said today it has agreed to acquire Metis Solutions, which specializes in intelligence analysis, operational and tactical training and program management, for about $92 million in cash.
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PAE has been awarded a position on the potential ten-year, $835 million U.S. Air Force Rotary Wing Maintenance Contract Consolidation contract vehicle, the company announced Friday. PAE is one of five large business contractors awarded a seat on the contract vehicle that also includes three small business awardees.
PAE said today it has agreed to pay $208 million in cash for CENTRA Technology, which specializes in intelligence support, information analytics and engineering services.
CENTRA, based in Burlington, MA, has more than 760 employees, a majority of whom have top-secret clearances. The company counts among its customers intelligence agencies, the Defense Department and the Department of Homeland Security.
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Falls Church contractor to buy Centra Technology Inc.
Falls Church-based defense and government services contractor Pacific Architects and Engineers (PAE) announced Monday plans to acquire Burlington, Massachusetts-based Centra Technology Inc. for $208 million in cash.
Click here to read Virginia Business's full article.
PAE Inc. [PAE] on Monday said it has agreed to acquire CENTRA Technology in a $208 million cash deal that will add new customers in the intelligence community, and Departments of Defense and Homeland Security.
Click here to read Defense Daily's full article.
Contact Terrence.Nowlin@pae.com with media inquiries.