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Kohlberg Announces Sale of ENTRUST Solutions Group to Leidos for $2.4 Billion
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LEIDOS to Acquire Entrust for $2.4 Billion
Leidos (NYSE: LDOS) has signed a definitive agreement to acquire ENTRUST Solutions Group from Kohlberg for approximately $2.4 billion, accelerating Leidos’ position as a leading engineering solutions provider for utilities nationwide. The acquisition will add new capabilities and effectively double the size of Leidos’ $600 million energy infrastructure engineering business, which has grown on average at double-digit rates while delivering double…
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