PAE Acquiring Centra Technology to Expand Intelligence Portfolio; John Heller Quoted

PAE Acquiring Centra Technology to Expand Intelligence Portfolio; John Heller Quoted
John Heller President

PAE announced on Monday that the company has entered into a definitive agreement to acquire CENTRA Technology, an intelligence analysis service provider focused on providing mission-critical services, for approximately $208 million in cash. The acquisition will specifically strengthen PAE’s intelligence, defense, and national and homeland security businesses.

“The acquisition firmly aligns with PAE’s strategy of expanding the business to higher-margin market areas. By acquiring CENTRA, PAE realizes a significant milestone in the execution of our strategic growth plan to be a provider of innovative, higher margin, knowledge-based offerings in attractive, resilient end markets,” said PAE President and CEO John Heller, who is also a five-time Wash100 Award recipient.

More specifically, the move will expand and differentiate PAE’s capabilities in intelligence analysis, communication systems integration and research and development services for intelligence and defense customers. CENTRA’s business will also broaden PAE’s customer reach and add attractive contract vehicles to the company’s portfolio.

This exciting opportunity builds on our intelligence analysis capabilities while increasing customer access, accelerating growth and enhancing shareholder value. Additionally, the acquisition of CENTRA is expected to be accretive to adjusted EBITDA margins and free cash flow,” Heller added.

The transaction was unanimously approved by the boards of directors of PAE and CENTRA. The acquisition will close in the fourth quarter of 2020. Morgan, Lewis & Bockius LLP acted as legal advisor and Renaissance Strategic Advisors, LLC acted as strategic advisor to PAE in connection with the transaction.

“This transaction will further enhance CENTRA’s capabilities and create new opportunities for our customers and employees,” said Jack Barry, COO of CENTRA Technology. “The customers, contracts and offerings of each business complement each other well and will be attractive for all stakeholders.”

You may also be interested in...

Sue Gordon Board Member CACI International

Sue Gordon Gets INSA Intell, Security Leadership Recognition

Sue Gordon, a board member at CACI International and a two-time Wash100 awardee, has been selected as the recipient of the 2021 William Oliver Baker Award from the Intelligence and National Security Alliance for her three-decade public service.

Cloud IT

NGA Posts Data Analytics Cloud Sustainment RFI

The National Geospatial-Intelligence Agency is soliciting ideas for how interested vendors can update and maintain a data analytics technology in the intelligence community's Commercial Cloud Service and Unclassified C2S environments, according to a request for information notice posted Tuesday.

Daniel Crowley President

Daniel Crowley Gets Term Extension as Triumph Group President, CEO; Barbara Humpton Quoted

Triumph Group has extended Daniel Crowley’s term as president and CEO for an additional five years. Crowley, who held the role since 2016, will continue in his capacity through Nov. 17, 2025, Triumph said Wednesday.