KEYW Corp. [KEYW] yesterday said it has agreed to acquire Poole & Associates, Inc., a provider of systems and software engineering services to the intelligence community for $126 million in cash and stock.

The acquisition is expected to close within the next 60 days. KEYW is paying $116 million in cash and $10 million in its stock for Poole, which is free of debt.

The acquisition is being financed through a new $225 million credit facility that KEYW is establishing with the Royal Bank of Canada and RBC Capital Markets. KEYW will also use some of the credit proceeds to refinance existing debt and fund working capital requirements.

Poole, which is based in Maryland, has $24.8 million in sales through the first half of 2012 and is expected to generate more than $35 million in sales during the second half. KEYW expects Poole to add about $90 million to its sales in 2013 and achieve profitability consistent with its previous acquisitions.

Poole was recently awarded a potential five-year, $150 million prime contract to provide systems engineering and program management support to an intelligence community customer. KEYW, which has worked with Poole for a number of years, said the company is “highly respected and trusted by our largest customer,” as evidenced by the recent award.

“The acquisition of Poole continues to expand KEYW’s footprint with one of our most important customers and adds several prime contract vehicles we believe have significant growth potential with a key customer,” Leonard Moodispaw, KEYW’s president and CEO, said in a statement. “Culturally, Poole’s agile, mission-centric approach to solving customer problems aligns perfectly with KEYW.”