Government and technology professional services and solutions provider KBR said the firm has agreed to acquire the technology firm Centauri.
The acquisition via Arlington Capital Partners is for approximately $800 million in cash net of tax benefits.
“KBR has undergone a deliberate, strategic transformation to be a provider of innovative, higher-end, digitally-enabled solutions and technologies in attractive, stable domains,” Stuart Bradie, KBR president and chief executive officer, said. “The acquisition of Centauri firmly aligns with our strategy of increasing KBR’s highly technical, mission-focused, synergistic capabilities, and enduring customer relationships. We are excited to welcome and work closely with the Centauri team as we continually drive growth and value creation for our shareholders and other stakeholders.”
Centauri is a technology-driven company providing high-end engineering and development solutions for critical, well-funded, national security missions associated with space, intelligence, cyber, and emerging technologies.
Centauri Chief Executive Officer of Dave Dzaran said combining with KBR provides Centauri greater opportunities to grow as part of a larger and more diversified company.
“Centauri and KBR share strong employee-focused, mission-first cultures and complementary platforms, making this an ideal combination,” he said. “As part of KBR, our innovation and initiative will enhance our combined company’s ability to develop systems and provide solutions in space, intelligence, and cyber.”
Dzaran said KBR’s global foundation of safety and sustainability would aid Centauri in driving continuous growth and keeping the nation safe.