Nichols Liu Represents PAE in $1.9 Billion Sale to Amentum

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Nichols Liu Represents PAE in $1.9 Billion Sale to Amentum

Washington, D.C. – October 26, 2021: 

Nichols Liu is pleased to be representing PAE Incorporated on its agreement to be acquired by an affiliate of Amentum Holdings LLC will acquire PAE.

The all-cash transaction for all outstanding shares of common stock of PAE is valued at approximately $1.9 billion, including the assumption of debt and certain fees.  The transaction is expected to close by the end of the first quarter 2022, subject to PAE shareholder approval and other customary closing conditions, including regulatory approvals.

The acquisition, once finalized, will create one of the largest providers of critical services to U.S. federal and allied governments, with more than $9 billion of combined revenue over the last 12 months and capabilities spanning synthetic training, sensor-based technologies, intelligence, cyber and IT, spectrum and electronic warfare, space operations, environmental solutions, asset management, and mission support.

The Nichols Liu team is led by partners Ian Brekke and Robert Nichols and includes associates Andrew Victor and Haaleh Katouzian.  PAE’s other advisors include Morgan Stanley & Co. LLC, Goodwin Procter LLP, and Morgan, Lewis & Bockius LLP.  Amentum is by represented Cravath, Swaine & Moore LLP and Arnold & Porter Kaye Scholer LLP.

For additional details on the acquisition, please read the press release.

About Nichols Liu

Nichols Liu LLP is a multidisciplinary boutique law firm dedicated to serving the needs of government contractors.  Our unique advantage is our combination of premium expertise, modern approaches, and value-driven service.  Nearly all of our professionals have experience working inside government agencies as well as representing Top 100 contractors and Fortune 100 companies.  The firm is headquartered in the heart of Washington D.C. with national and international reach.

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