Arlington Capital Partners Agrees to Sell Centauri to KBR, Inc. for $827 million
WASHINGTON, D.C., August 19, 2020 – Arlington Capital Partners (“Arlington Capital”), a Washington, DC-based private equity firm, today announced it has agreed to sell Centauri, LLC (“Centauri”) to KBR, Inc. (NYSE: KBR) for $827 million. Centauri is the leading independent provider of space, directed energy, and other advanced technology solutions to the United States Intelligence Community and Department of Defense. Centauri is headquartered in Chantilly, VA with 22 offices strategically positioned within the United States and employs more than 1,750, half of whom have advanced degrees.
David Wodlinger, a Partner at Arlington Capital, said “During our partnership, Centauri achieved dramatic growth and, through unique subject matter expertise along with aggressive investments in technology, solidified its role as a strategic asset to the national security community. Centauri was purpose-built to solve the most complicated space and directed energy challenges faced by our country, a strategy that will only be enhanced by KBR’s scale, strong management team and shared focus on quality and culture.”
David Dzaran, CEO of Centauri, said “Arlington’s bold vision for Centauri’s future is what led us to partner with them, and it is fulfilling to have seen that strategy realized. Our partnership with Arlington has produced outstanding growth for Centauri and we are equally as excited for the next chapter with KBR, where our combined capabilities will allow us to advance our solutions to the next level.”
“KBR’s acquisition of Centauri furthers the company’s mission to becoming a highly technical, mission focused organization and expands KBR into exciting new and adjacent vectors,” adds Stuart Bradie, President and CEO of KBR, Inc. “The addition of Centauri makes KBR a leader in end-to-end military, intelligence and commercial space solutions by increasing scale and adding complementary expertise and space domain awareness to our strong space system design, development, test, launch and operations. We are excited for the future and the opportunities ahead with Centauri on our team.”
Ben Ramundo, Vice President at Arlington Capital, said “Centauri’s world-renowned technical talent, specialized mission expertise and advanced R&D labs are a powerful combination that underlies its enduring market advantage. With continued investment behind those strengths as a result of joining KBR, Centauri’s brightest days are still ahead.”
Jefferies, LLC is serving as exclusive financial advisor to Centauri and Holland & Knight is serving as legal advisor in connection with the transaction.
About Arlington Capital Partners
Arlington Capital Partners is a Washington, DC-based private equity firm that is currently investing out of Arlington Capital Partners V, L.P., a $1.7 billion fund. The firm has managed approximately $4.0 billion of committed capital via five investment funds. Arlington is focused on middle market investment opportunities in growth industries including government services and technology, aerospace & defense, healthcare, and business services and software. The firm’s professionals and network have a unique combination of operating and private equity experience that enable Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their Company’s position as leading competitors in their field. Visit www.arlingtoncap.com.
Centauri is a high-end engineering, intelligence, cybersecurity and advanced technology solutions company headquartered in Chantilly, Virginia with 22 offices nationwide. We work with our customers in the intelligence and national security communities, helping them solve their most difficult challenges. Our agile, mission-first approach empowers our advanced technical and operational teams to meet the real-time demands and high-impact missions of national defense agencies across land, air, sea, space, and cyberspace. Visit www.centauricorp.com.
David Wodlinger and Ben Ramundo
Arlington Capital Partners
5425 Wisconsin Avenue, Suite 200
Chevy Chase, MD 20815
SOURCE: Arlington Capital Partners