CACI To Buy Six3 For $820 Mln; To Be At Least 10% Accretive To 2014 Adj. EPS

(RTTNews) - CACI International Inc (CACI) announced it has signed a definitive agreement to acquire Six3 Systems, Inc. from private equity firm GTCR, for $820 million.

Headquartered in McLean, Virginia and with operations around the world, Six3 Systems provides highly specialized and differentiated strategic solutions, services, and products for the country's most sensitive national security agencies and Department of Defense critical missions for customers in the Intelligence, Defense, and Civilian communities. Six3 employs approximately 1,600 professionals worldwide, and its calendar year 2013 revenue is expected to be approximately $470 million.

CACI expects the deal to be at least 5 percent accretive to its GAAP earnings per share in calendar year 2014 and at least 10 percent accretive to adjusted earnings per share.

J.P. London, CACI Chairman of the Board, said, "CACI's acquisition of Six3 Systems, Inc. fits perfectly within the objectives of our strategic growth plan. It positions CACI with expanded capabilities to deliver high-value and in-demand solutions and services for our customers' highest-priority national security and defense challenges."

CACI has secured a firm financing commitment for $800 million. CACI will finance the acquisition through this new commitment and borrowings under its existing revolving credit facility.