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.”
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV