Executive MosaicGovCon Wire publishes a number of stories each week that includes executive appointments, M&A activity and earnings reports at GovCon firms.
This week, the biggest news the website covered was the announcement that CACI International will acquire Six3 Systems for $820 million.
Six3 Systems was founded by Robert Coleman in 2009 in partnership with GTCR and had $470 million in 2013 revenue and has 1,600 employees worldwide.
“Both our companies are positioned to support national intelligence missions that require sophisticated technologies and services in areas we believe will be high priorities even in an environment of sequestration or budget constraints,” said Ken Asbury, CACI president and CEO.
CACI has secured an $800 million financing commitment for the acquisition, which will be financed by borrowings under the company’s existing revolving credit facility.
“With this acquisition, we are investing in the advanced intelligence, situational awareness, and cybersecurity capabilities that are essential to safeguarding our country, as well as the intelligence operations and C4ISR capabilities that serve and protect our military forces,” Asbury added.
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