CACI Completes Acquisition of L-3's National Security Solutions Business

CACI International Inc. announced that it has completed the acquisition of L-3's National Security Solutions business (NSS), a deal that was first announced in December.  NSS provides enterprise IT, cyber, and intelligence services to the DoD, Intel agencies, and Federal civilian agencies. Approximately 90 percent of NSS's work is as prime and approximately 90 percent of its employees hold clearances at Secret and above. The business generated trailing twelve-month revenue of approximately $1 billion and adjusted EBITDA margins of 6.6%.  The purchase price is $550 million and after adjusting for the tax deductibility of the resulting goodwill, the enterprise value to adjusted LTM EBITDA multiple is 7.9x.

Check out our detailed report on this transaction.