Private equity firm GTCR is to sell its portfolio company Six3 Systems to CACI International, a provider of information solutions and services to government customers, for USD820m.
Headquartered in McLean, Virginia, Six3 is a high-end national security and defence intelligence services provider focused on developing and acquiring specialised 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 strong presence in the areas of intelligence surveillance and reconnaissance, intelligence operations and cyber security.
"We set out with CEO Bob Coleman and CFO Jack Pearlstein to build a specialised company focused on providing advanced capabilities in the high growth areas of signal intelligence, cyber security and intelligence operations," says GTCR managing director Craig Bondy. "We are proud to see the strategic significance of Six3 get recognised in this transaction with CACI."
"We'd like to thank GTCR for their commitment and support in developing Six3 over the last four years," says 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 and JP Morgan Securities served as Six3's financial advisors and Kirkland & Ellis provided legal counsel.
