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Offices of LinQuest Corporation. Photo Credit: LinQuest
KBR, a provider of science, technology and engineering solutions to governments and companies is acquiring LinQuest, a national security space systems and technology solutions company. KBR announced the $737 million all-cash transaction on July 16. KBR acquires LinQuest from Madison Dearborn Partners (MDP), a private equity firm based on Chicago.
The deal is expected to be completed later this year, pending regulatory approval and other customary closing conditions.
LinQuest focuses on advanced analytics, engineering, technology development, and operational solutions in space and other mission critical domains. The company aims to be a pioneer in digital mission integration for next-generation systems and capabilities. It has secured more than $850 million in contract awards over the past year. More than over 74% of LinQuest’s employees hold security clearances, which KBR said will strengthen its support for U.S. government clients.
“I could not be more proud of our incredible team and partnership with MDP. We are excited about joining KBR and believe our future home’s expansive network and government technology expertise will further accelerate our strong momentum across our core markets and enable our defense and intelligence community customers to achieve their missions and safeguard our country,” Greg Young, LinQuest resident and CEO, said in a statement.
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