CACI International Inc (CACI) recently announced the completion of Six3 Systems, Inc acquisition for $820 million from GTCR, a private equity firm.
Six3 Systems is a high-end national security and defense intelligence services provider focused on developing and acquiring specialized capabilities that cater to the intelligence community, Department of Defense and civilian security agencies.
With this acquisition, CACI expands its customer base and its presence in high-growth Cyberspace market as well as builds on its capabilities in the high-volume command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) markets. The acquisition will further help to develop high-end next generation solutions for national security needs and expand the company’s market opportunities by approximately $15 billion.
This transaction is expected to be at least 5% accretive to CACI’s GAAP earnings per share in 2014 and at least 10% accretive to adjusted earnings per share.
Moving ahead, CACI intends to expand in new markets, increase new business developments, drive operational excellence and continue with acquisitions to further increase its market share and create long-term value for its shareholders.
Based in Arlington, VA, CACI delivers IT applications and infrastructure to improve communications and secure the integrity of information systems and networks; enhance data collection and analysis; and increase efficiency and mission effectiveness.
CACI currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth considering in the industry include Lionbridge Technologies Inc (LIOX), carrying a Zacks Rank #1 (Strong Buy), Carbonite, Inc (CARB) and Computer Science Corp. (CSC), both carrying a Zacks Rank #2 (Buy).
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