CACI Announces Intent to Acquire Six3 Systems, Inc.
09 Ottobre 2013 - 1:00PM
Business Wire
Acquisition Adds Distinctive Cyberspace,
C4ISR, and Intelligence Capabilities
Transaction Projected to Be at Least 5
Percent Accretive to GAAP EPS in CY14
Expands Company Market Opportunities by
Approximately $15 Billion
CACI International Inc (NYSE:CACI) announced today that it has
signed a definitive agreement to acquire Six3 Systems, Inc., a
premier provider of highly specialized support to the national
security community in the areas of cyber and signals intelligence;
intelligence, surveillance, and reconnaissance; and intelligence
operations, from private equity firm GTCR. The transaction will
expand CACI’s high-growth Cyberspace market as well as build on
CACI’s capabilities in its high-volume C4ISR (command, control,
communications, computers, intelligence, surveillance, and
reconnaissance) and Intelligence market areas. Six3 Systems employs
approximately 1,600 professionals worldwide, and its calendar year
2013 revenue is expected to be approximately $470 million. The
purchase price is $820 million and closing is anticipated during
CACI’s fiscal second quarter, ending December 2013, subject to
regulatory approvals.
Headquartered in McLean, Virginia and with operations around the
world, Six3 Systems provides highly specialized and differentiated
strategic solutions, services, and products for the country’s most
sensitive national security agencies and Department of Defense
(DoD) critical missions for customers in the Intelligence, Defense,
and Civilian communities. The transaction is expected to be at
least 5 percent accretive to CACI’s GAAP earnings per share in
calendar year (CY) 2014 and at least 10 percent accretive to
diluted adjusted earnings per share. As part of this transaction,
CACI has secured a firm financing commitment for $800 million. CACI
will finance the acquisition through this new commitment and
borrowings under its existing revolving credit facility.
Dr. J.P. (Jack) London, CACI Chairman of the Board, noted,
“CACI’s acquisition of Six3 Systems, Inc. fits perfectly within the
objectives of our strategic growth plan. It positions CACI with
expanded capabilities to deliver high-value and in-demand solutions
and services for our customers’ highest-priority national security
and defense challenges. The acquisition of Six3 Systems is the
largest in the company’s long and successful track record of more
than 55 acquisitions that have delivered solid benefits for
customers, shareholders, and employees of both CACI and the
acquired companies. We are pleased to welcome Six3 Systems into
CACI.”
Ken Asbury, CACI President and Chief Executive Officer, said,
“Mergers and acquisitions continue to be a successful part of our
growth strategy and a key way we deliver long-term shareholder
value. CACI has been following Six3 Systems, Inc. with great
interest for some time. We are confident that this acquisition will
further differentiate CACI in the market space. 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. Six3 Systems furthers our capability to meet
our nation’s evolving needs in such areas as combating both peer
and asymmetric adversaries and supporting the growing role of cyber
in national and economic security. 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.”
According to John Mengucci, CACI Chief Operating Officer and
President of U.S. Operations, “The acquisition of Six3 Systems,
Inc. is consistent with our strategy to position CACI at the
forefront of evolving Intelligence and DoD critical missions. Six3
Systems’ advanced capabilities using innovative methods and
techniques will replace the expensive systems of the past and that
is a big part of our focus. Like CACI, Six3 Systems focuses on
enduring government missions, distinctive technologies, and
critical national security missions. Our companies share a strong
commitment to integrity, ethics, quality, and innovation. Six3
Systems’ highly experienced leadership team is well respected, with
deep subject-matter expertise, and the company is a national asset
for foreign systems intelligence in the national intelligence
community and the Department of Defense. This acquisition positions
us to offer high-end, affordable solutions to new and existing
customers with a competitive advantage at the very highest
levels.”
Six3 Systems, Inc. Chief Executive Officer Robert Coleman said,
“We look forward to bringing our advanced solutions and
capabilities along with our team of highly skilled professionals to
CACI. We share in CACI’s dedication to our nation’s most critical
missions, and we believe the acquisition will be a win-win
situation for both firms: Six3 Systems will benefit from the
larger resource and customer space that CACI offers, and CACI will
benefit from the leading-edge technical capabilities and innovation
that are Six3 Systems trademarks.”
BofA Merrill Lynch acted as exclusive financial advisor to CACI.
Squire Sanders (US) LLP and Latham & Watkins LLP served as
CACI’s legal advisors. BofA Merrill Lynch is providing committed
debt financing for the transaction. The Chertoff Group and CSP
Associates served as strategic advisors to CACI.
Conference Call Information
We have scheduled a conference call for 8:30 AM Eastern Time
Wednesday, October 9, 2013 during which members of our senior
management team will be making a brief presentation and followed by
a question-and-answer session. You can listen to the conference
call and view the accompanying exhibits over the Internet by
logging on to our homepage, www.caci.com, at the scheduled time, or
you may dial (877) 303-9143 and enter the confirmation code
78524465. A replay of the call will also be available over the
Internet beginning at 1:00 PM Eastern Time Wednesday, October 9,
2013 and can be accessed through our homepage (www.caci.com) by
clicking on the CACI Investor Info button.
CACI provides information solutions and services in support of
national security missions and government transformation for
Intelligence, Defense, and Federal Civilian customers. A member of
the Fortune 1000 Largest Companies and the Russell 2000 Index, CACI
provides dynamic careers for approximately 15,000 employees working
in over 120 offices worldwide. Visit www.caci.com.
There are statements made herein which do not address historical
facts, and therefore could be interpreted to be forward-looking
statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. Such statements are subject to
factors that could cause actual results to differ materially from
anticipated results. The factors that could cause actual results to
differ materially from those anticipated include, but are not
limited to, the successful closing and integration of our
acquisition of Six3 Systems, actual revenue and earnings realized
by Six3 Systems and the performance of the Six3 Systems business,
as well as the risk factors set forth in CACI’s Annual Report on
Form 10-K for the fiscal year ended June 30, 2013, and other such
filings that CACI makes with the Securities and Exchange Commission
from time to time. Any forward-looking statements should not be
unduly relied upon and only speak as of the date hereof.
CACI-Acquisition
CACI International IncCorporate Communications and Media:Jody
Brown, 703-841-7801Executive Vice President, Public
Relationsjbrown@caci.comorInvestor Relations:David Dragics,
866-606-3471Senior Vice President, Investor
Relationsddragics@caci.com
Grafico Azioni CACI (NYSE:CACI)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni CACI (NYSE:CACI)
Storico
Da Lug 2023 a Lug 2024