Oct 9 (Reuters) – (Reuters) – CACI International (CACI.N) on Wednesday said it would buy Six3 Systems Inc from private equity firm GTCR for about $820 million to strengthen its intelligence support services to the U.S. government, the company’s largest ever acquisition.
CACI said it has secured a financing commitment for $800 million and expects the deal to add to its adjusted earnings per share by at least 10 percent in 2014, at a time when declining U.S. defense spending is expected to weigh on revenues for many companies in the sector.
McLean, Virginia-based Six3 Systems specializes in human intelligence gathering and security services and technologies for biometrics and identification that support these activities. About 70 percent of the company’s work is in the intelligence arena, with 20 percent in defense and the rest in civilian work.
The company is expected to have revenue of about $470 million in 2013, CACI said.
CACI Chief Executive Ken Asbury told Reuters the acquisition would help accelerate CACI’s transition as it shifts into providing more technology-based “solutions” to government agencies and away from providing mainly services and staff.
U.S. contractor CACI to buy intelligence firm Six3 Systems
