CACI Completes Acquisition of Six3 Systems, Inc.
15 Novembre 2013 - 8:00PM
Business Wire
Expands Company Market Opportunities by
Approximately $15 Billion
Adds Highly Specialized Cyberspace, C4ISR,
and Intelligence Capabilities
CACI International Inc (NYSE: CACI) announced today that it has
completed its transaction 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 markets. Six3 Systems employs
approximately 1,600 professionals worldwide, and its calendar year
(CY) 2013 revenue is expected to be approximately $470 million. The
purchase price is $820 million, subject to the net working capital
adjustment. CACI will update its fiscal year 2014 guidance in the
near future.
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
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 CY14 and at
least 10 percent accretive to diluted adjusted earnings per
share.
Dr. J.P. (Jack) London, CACI Chairman of the Board, stated, “As
we complete our acquisition of Six3 Systems, Inc., the largest in
our 51-year history, CACI has even greater confidence that the
addition of Six3’s highly specialized capabilities will provide
significant benefits for our national security customers. CACI
brings the Six3 team larger resources and more opportunities to
expand their customer base, and our combined company is positioned
to efficiently develop high-end, next-generation solutions for
national security needs. Our shared character and cultural
commitment to integrity and innovation also assures our customers
of ethical and high-quality support for their most critical
missions.”
According to Ken Asbury, CACI President and Chief Executive
Officer, “CACI’s acquisition of Six3 Systems Inc. is compelling on
many levels. The acquisition is consistent with our three-part
growth strategy to win new business, drive operational excellence,
and continue our successful mergers and acquisitions program as the
first priority for the deployment of our capital. Six3 Systems is a
financially accretive acquisition that further differentiates CACI
in our markets and complements our focus on national security. Our
combined capabilities will add significant value to our customers’
vital missions, help drive our growth, and deliver positive
shareholder returns.”
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, the Russell 2000 Index, and the
S&P SmallCap 600 Index, CACI provides dynamic careers for over
15,900 employees in 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, Executive Vice President, Public
Relations703-841-7801jbrown@caci.comorInvestor Relations:David
Dragics, Senior Vice President, Investor
Relations866-606-3471ddragics@caci.com
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