M&A Deal Summary

KBR Acquires Wyle

On May 23, 2016, KBR acquired information technology company Wyle from Court Square Capital Partners and NexPhase Capital for 570M USD

Acquisition Highlights
  • This is KBR’s 1st transaction in the Information Technology sector.
  • This is KBR’s 2nd largest (disclosed) transaction.
  • This is KBR’s 5th transaction in the United States.
  • This is KBR’s 1st transaction in California.

M&A Deal Summary

Date 2016-05-23
Target Wyle
Sector Information Technology
Buyer(s) KBR
Sellers(s) Court Square Capital Partners
NexPhase Capital
Deal Type Add-on Acquisition
Deal Value 570M USD

Target

Wyle

El Segundo, California, United States
website
Wyle, Inc. is a government services contractor focusing primarily on Defense and Federal IT services. The Company services include system engineering, acquisition support, information technology & cyber security, scientific services and test and evaluation services.

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Buyer(S) 1

Buyer

KBR

Houston, Texas, United States

website


Category Company
Founded 1901
Sector Engineering
Employees30,000
Revenue 6.6B USD (2022)
DESCRIPTION
Jefferson Towers, home of KBR's corporate headquarters in downtown Houston, Texas.
Jefferson Towers, home of KBR's corporate headquarters in downtown Houston, Texas.

KBR, Inc. is an engineering, construction and services company supporting the global hydrocarbons and international government services market segments. KBR offers a portfolio of proprietary technology and consulting services; engineering, construction, procurement and asset maintenance services; and base operational, logistics, life support and asset management services, through its Technology & Consulting, Engineering & Construction and Government Services business segments. KBR was founded in 1901 and is based in Houston, Texas.


DEAL STATS #
Overall 11 of 19
Sector (Information Technology) 1 of 4
Type (Add-on Acquisition) 7 of 12
State (California) 1 of 1
Country (United States) 5 of 9
Year (2016) 4 of 5
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-12 Weatherly

Atlanta, Georgia, United States

Weatherly is a North American-based company with extensive experience providing nitric acid and ammonium nitrate proprietary technologies and services to the fertilizer market. For more than five decades, Weatherly has designed, engineered and constructed these integral processes in fertilizer complexes worldwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-12 Honeywell Technology Solutions

Columbia, Maryland, United States

Honeywell Technology Solutions, Inc. is a provider of professional space, security, logistics and manpower services in the Government Services market.

Buy $300M

Seller(S) 2

SELLER

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1968
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.


DEAL STATS #
Overall 36 of 53
Sector (Information Technology) 3 of 7
Type (Add-on Acquisition) 21 of 24
State (California) 3 of 4
Country (United States) 33 of 50
Year (2016) 2 of 3
Size (of disclosed) 14 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-03 NDC

Nashville, Tennessee, United States

NDC is a distributor of medical supplies to the healthcare industry. The company operates as a master distributor, purchasing medical supplies directly from manufacturers and providing a broad product line to local, regional, and national distributors who handle the last mile delivery direct to health care providers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-10 National Seating & Mobility

Franklin, Tennessee, United States

National Seating & Mobility is a provider of complex rehabilitation seating, mobility, and positioning systems. NSM provides personalised solutions to individuals with mobility challenges by bringing together industry-leading expertise, uniquely engineered systems, and breakthrough technologies. National Seating & Mobility was founded in 1992 and is based in Franklin, Tennessee.

Buy -
SELLER

NexPhase Capital

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2007
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Moelis Capital Partners (MCP) is the private equity investment arm of investment bank Moelis & Company. MCP targets growth equity and control buyouts requiring equity investments of $25 to $75 million. Moelis has particular interest in the business services, consumer and retail, financial services, healthcare services, industrial and telecom industries. Moelis Capital Partners was formed in 2007 and is based in New York City.


DEAL STATS #
Overall 6 of 21
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 2 of 9
State (California) 1 of 3
Country (United States) 6 of 20
Year (2016) 2 of 5
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 North American Partners in Anesthesia

Melville, New York, United States

North American Partners in Anesthesia is a single specialty anesthesia and perioperative management company in the United States. NAPA is comprised of the most respected clinical staff, providing thousands of patients with superior and attentive care. North American Partners in Anesthesia was founded in 1986 and is based in Melville, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-09 American Global Logistics

Atlanta, Georgia, United States

American Global Logistics LLC is a non-asset based provider of customized end-to-end ocean, trucking, and air freight forwarding services. AGL also offers ancillary services such as customs brokerage and PO management that enable it to provide a more comprehensive end-to-end solution for its customers. American Global Logistics was founded in 2007 and is based in Atlanta, Georgia.

Buy -