Amentum finalizes $1.9B acquisition of PAE

Amentum has completed its $1.9 billion acquisition of PAE, with the latter company announcing today that its stockholders had approved the merger last week.

"Over the past 66 years, the PAE brand has become recognized for achieving success through global mission services around the world," PAE interim President and CEO Charlie Peiffer said in a statement. "Thanks to our new team at Amentum, we will continue to provide world-class support to our clients with the best growth opportunities for our employees."

The two companies announced the merger last October, and PAE said in December that there had been no other interested buyers. PAE stockholders subsequently approved the deal Feb. 10.

Amentum CEO John Vollmer told Inside Defense in January 2021 that with the acquisition of DynCorp International under its belt, the company was still pursuing new acquisitions.

"We are definitely looking, and I would not rule out [a] large" deal, he said at the time, noting Amentum was interested in cybersecurity, among other areas.