PAE

About

Based in Virginia, US, and founded in 1955 by Edward Shay, PAE Incorporated, formerly known as Pacific Architects and Engineers, LLC. provides mission-critical services and operational solutions for defense, government, international organizations, and companies. In February 2020, Gores Holdings III, Inc., a special purpose acquisition company formed by The Gores Group, merged with the company, and the firm went public on the NASDAQ under the ticker symbol PAE. In October 2021, Amentum Services, a portfolio company of American Securities and Lindsay Goldberg, agreed to fully acquire Pacific Architects and Engineers from The Gores Group and Platinum Equity for approximately USD 1.9 billion in cash. The deal was completed in February 2022. As of January 2022, PAE Inc. is being led by Charles Peiffer, as its Interim President and CEO, and employs over 20,000 employees, across 60 countries worldwide. The company delivers operational solutions and outsourced services through its business segments, Global Mission Services (GMS) and National Security Solutions (NSS). The firm’s offerings include business process solutions, counter-threat advisory solutions, information optimization services, infrastructure and logistics services, intelligence solutions, international logistics and stabilization services, and maintenance and repair services for military and civilian vehicle fleets. PAE Inc. generated a revenue of USD 747 million in Q2, 2021, and USD 2.7 billion in the financial year ended December 2020. The transaction with Amentum Services, Inc. is expected to be close in Q1, 2022, and upon completion, PAE Inc. will operate as a wholly-owned subsidiary of Amentum Services, Inc.