PAE closes on $92M acquisition of Metis Solutions
Arlington defense contractor expands intelligence analysis, training and program support
Defense and government services contractor Pacific Architects and Engineers (PAE) has closed its $92 million cash acquisition of Metis Solutions as part of its efforts to expand its offerings and capabilities in intelligence analysis, training and program support areas. Both companies are headquartered in Arlington.
John Heller, president and CEO of PAE, says the transaction will provide the company access to new customers and additional contract vehicles across the defense and intelligence communities. PAE has said it expects the acquisition to be accretive to adjusted EBITDA margins, free cash flow per share and organic revenue growth. The acquisition was initially announced in mid-November.
“PAE, combined with Metis and the recently completed Centra Technology acquisition, significantly expands our capabilities across the intelligence and national security communities,” Heller says.