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PAE Going Public After Acquisition By Investment Bank

Cal Biesecker By
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PAE Going Public After Acquisition By Investment Bank
PAE President and CEO John Heller Photo: PAE

Global government services provider PAE will be taken public once its acquisition by the investment bank The Gores Group is completed. Gores is acquiring PAE from the investment firm Platinum Equity for $435 million in cash plus more than 27 million shares in Gores Holdings III [GRSH], which is part of The Gores Group. The deal is expected to close in the first quarter of 2020. PAE, which provides services to the U.S. government, allied partners, and international organizations such…

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