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Slide #50. CACI International Inc — Six3 Systems, Inc.
CACI International Inc (NYSE:CACI)
Six3 Systems, Inc.
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.
CACI International is a holding company. Through its subsidiaries, Co. provides information solutions and services to the United States government. Other customers include state and local governments, commercial enterprises and agencies of foreign governments. Co. provides its services and solutions to its domestic customers in the following market areas: business systems & business process services; C4ISR & cyber; engineering services; enterprise IT; and mission support. Co.'s international operations provide a mix of IT services and proprietary data and software products, serving commercial and government customers throughout the United Kingdom, continental Europe and around the world.
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Strong Buy (3.50 out of 4)