KBR to Buy LinQuest From Madison Dearborn in $737 Million Deal

KBR agreed to buy engineering, data-analytics and digital-integration company LinQuest from private-equity firm Madison Dearborn Partners in a $737 million cash deal.

KBR on Tuesday said the acquisition, which it will fund with cash on hand and its existing debt capacity, expands its technical capabilities across the air, space and digital domains.
Houston-based government contractor KBR said nearly three-quarters of LinQuest’s more than 1,500 employees hold security clearances, bolstering its support for U.S. government clients in the defense and national-security sector.

Source: WSJ