GTCR has signed an agreement to sell its portfolio company Six3 Systems to CACI International for $820 million.
Six3 Systems is a national security and defense intelligence services provider focused on developing and acquiring specialized capabilities that cater to the intelligence community, Department of Defense and civilian security agencies. Six3 was formed in July 2009 by industry veteran Bob Coleman in partnership with GTCR. Through a series of four acquisitions, Six3 has established a presence in the areas of intelligence surveillance and reconnaissance, intelligence operations and cyber security. The company is headquartered in McLean, VA (www.six3systems.com).
“We set out with CEO Bob Coleman and CFO Jack Pearlstein to build a specialized company focused on providing advanced capabilities in the high growth areas of signal intelligence, cyber security and intelligence operations,” said GTCR Managing Director Craig Bondy. “We are proud to see the strategic significance of Six3 get recognized in this transaction with CACI.”
CACI International (NYSE:CACI) is a multinational professional services and information technology company that provides information services in support of national security missions and government transformation for Intelligence, Defense, and Federal Civilian customers. The company is headquartered in Arlington, VA and has approximately 15,000 employees in over 120 offices in the U.S. and Europe (www.caci.com).
“Bob and his team have been able to build a highly strategic asset with an impressive track record of growth. We believe that CACI is a great home for Six3, where the people and technology can continue to grow and serve the vital mission of national security,” said Lawrence Fey, GTCR Principal.
GTCR pioneered the investment strategy of identifying and partnering with executives to acquire and build companies through a combination of acquisitions and internal growth. The firm currently has nearly $7 billion in assets under management. Since its inception in 1980, GTCR has invested more than $10 billion in over 200 companies. GTCR is currently investing its tenth fund, a private equity fund with $3.25 billion of committed capital. The firm is based in Chicago (www.gtcr.com).
“We’d like to thank GTCR for their commitment and support in developing Six3 over the last four years,” said Mr. Coleman. “GTCR has been a great partner, and we are excited to work with CACI to continue supporting our customers’ missions with innovative services and solutions.”
Goldman, Sachs & Co. and J.P. Morgan Securities served as Six3’s financial advisors and Kirkland & Ellis LLP provided legal counsel.
© 2013 PEPD • Private Equity’s Leading News Magazine • 10-9-13
