From Washington Business Journal: PAE to buy Ashburn-based federal contractor

Arlington-based government services contractor PAE said Monday it will buy Ashburn-based FCi Federal — PAE's fifth acquisition since it spun off from Lockheed Martin Corp. (NYSE: LMT) in 2011 and its first under its current private equity owner.

Terms were not disclosed. The deal is expected to close sometime in the next 45 business days as it clears certain regulatory hurdles. FCi — which specializes in program management, business process outsourcing and case processing — will become a business unit of PAE.

Click to read the full article.

Monday, April 3, 2017