KBR (NYSE: KBR) has agreed to acquire LinQuest for approximately $737 million to expand its digital integration and related technical capabilities for the Department of Defense and Intelligence Community agencies.
Houston-based KBR said Tuesday its board of directors unanimously approved the transaction, which is expected to conclude in the third quarter or fourth quarter of 2024.
The public technology company will use cash and existing debt capacity to fund the deal, which is expected to be accretive to adjusted earnings per share.
Expanding Technical Capabilities for National Security Clients
LinQuest is a data analytics, digital integration and engineering company that supports the U.S. Air Force, U.S. Space Force and other national security agency customers by providing artificial intelligence, machine learning and other technology platforms to help meet their needs across air, connected battlespace and space domains.
The company has more than 1,500 employees and over 74 percent of them hold security clearances, enabling KBR to strengthen its support of U.S. government clients and their missions.
“LinQuest is an innovator in national security, space and technology solutions. Their talented people deliver high-end, technically and digitally differentiated services that are complementary to KBR,” said Stuart Bradie, president and CEO of KBR.
Arena Strategic Advisors provided financial due diligence support and Gibson, Dunn & Crutcher acted as KBR’s legal adviser.
Baird acted as LinQuest’s exclusive financial adviser in the transaction, while Kirkland & Ellis served as legal counsel to the company.
Click here to learn about the insight of John Song – managing director of Baird’s Global Investment Banking Group, co-head of the firm’s Defense and Government Investment Banking practice and a previous Wash100 awardee – on the transaction.
