Wednesday, March 8, 2017

KeyW to acquire Northern Virginia firm for $235 million

Hanover-based government services firm KeyW Holding Corp. (NASDAQ: KEYW) announced Wednesday that it plans to acquire a Northern Virginia firm for about $225 million. The deal for Herndon-based Sotera Defense Solutions is expected to close in the second quarter of 2017. Sotera will remain a wholly owned subsidiary, maintaining its key leadership. KeyW intends to finance the purchase with a mix of cash and a new $135 million, five-year term loan. The combined company is expected to generate about…



from http://www.bizjournals.com/baltimore/news/2017/03/08/keyw-to-acquire-northern-virginia-firm-for-235.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/158173402172

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