PAE announced that it has agreed to acquire FCi Federal, an Ashburn, Virginia-based provider of services for immigration and national security including adjudication support, eligibility verification and business process outsourcing to government agencies. FCi operates in over 40 states and has nearly 5,000 employees and subcontractors. PAE is owned by private equity firm Platinum Equity which acquired the business in 2016.
Houlihan Lokey advised FCi on the transaction, which is expected to close in the next 45 days. Deal terms were not disclosed.
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