Apollo is Leading Bidder for PAE
Reuters is reporting that PE firm Apollo Global Management LLC is currently the leading bidder to acquire PAE from Lindsay Goldberg & Co. LLC in a deal worth almost $900M including debt. PAE was acquired from Lockheed Martin in 2011 for $350M. Other PE firms in the mix are reported to include American Securities LLC and Platinum Equity LLC.
With revenues north of $1B and 15,000 employees in over 60 countries, PAE provides aviation, logistics and training support services to the US government and other countries.
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