Kohlberg announced that it has entered into a definitive agreement to sell Entrust Solutions Group to Leidos (LDOS) for approximately $2.4B. The transaction represents a successful exit for Kohlberg, following its initial acquisition of the company in 2019 and a minority recapitalization in 2023. The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close in the second quarter of 2026.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LDOS:
- Leidos to acquire Entrust for $2.4B in cash, sees accretion
- Leidos, OpenAI partner to deploy AI in federal operations
- 3 Best ETFs to Invest In, According to AI Analyst, 1/22/2026
- Private Markets: SpaceX interviews banks to lead IPO, Skild AI raises $1.4B
- Leidos price target lowered to $204 from $216 at UBS