The private equity firm Platinum Equity on Tuesday said it has completed its acquisition of PAE from another private equity firm Lindsay Goldberg, LLC.

Terms of the deal, which was first announced in January, were not disclosed.

Lindsay Goldberg acquired PAE from Lockheed Martin [LMT] in 2011. PAE provides peacekeeping, infrastructure support, disaster relief, aviation services, integrated security solutions, test and training ranges, and counter-terrorism products.

PAE CEO John Heller and his management team will remain with the company. Photo: PAE
PAE CEO John Heller and his management team will remain with the company. Photo: PAE

“PAE has a rich history with strong long-term customer relationships and dedicated employees delivering vital services around the world,” Louis Samson, partner at Platinum Equity, said in a statement. “The company has experienced leadership with a strong track record for growth. We are working closely with the management team to continue pursuing new opportunities to expand the business both organically and through prospective add-on acquisitions.”

After Lindsay Goldberg acquired PAE, PAE in 2015 acquired A-T Solutions and the Global Security and Solutions business of Altegrity’s U.S. Investigative Services company.

PAE CEO John Heller said he expects a seamless transition under his company’s new ownership.

Based in Northern Virginia, PAE has about 15,000 employees working in more than 60 countries.

PAE’s financial adviser on the deal was the investment bank Houlihan Lokey [HLI], which said the transaction demonstrates acquisition interest in companies with meaningful size and scale, leadership teams with proven success in growing the business organically and through acquisitions, and diversified businesses positioned to address critical national security and foreign policy missions.