CACI International Inc to Acquire Arka Group L.P. for $2.6 Billion

By Chris Stiles • Monday, December 22 09:37 • Permanent Link

CACI International Inc (NYSE: CACI) has announced its definitive agreement to acquire Arka Group L.P. (Arka) from funds managed by Blackstone Tactical Opportunities in an all-cash transaction valued at $2.6 billion. This acquisition is aligned with CACI's commitment to delivering advanced technology for national security customers, as Arka supports national security missions through its space-based sensor portfolio and ground-based software processing, accelerating the delivery of actionable intelligence to the warfighter.

As a result of the $2.6 billion all-cash transaction, CACI expects to realize a tax benefit with a present value of $225 million. The company anticipates the transaction to close in the third quarter of fiscal year 2026, subject to regulatory approvals and customary closing conditions.

This acquisition marks a significant step forward in CACI's space strategy, with John Mengucci, CACI President and CEO, noting that Arka brings deep experience and proven performance as a best-in-class provider of national security space and defense capabilities. Mengucci also emphasized that the acquisition positions CACI to capture significant future opportunities in the space domain across intelligence community, U.S. Space Force, and other Department of War customers.

Furthermore, CACI expects the combination to enhance its ability to drive long-term growth in free cash flow and generate additional shareholder value. Andreas Nonnenmacher, Arka President and CEO, expressed confidence in CACI's ability to provide outstanding pathways for Arka's employees to thrive, citing aligned mission-focused cultures and deep engineering roots as a strong foundation for future innovation and growth.

In terms of financial advisors for the transaction, Wells Fargo acted as the exclusive financial advisor for CACI and provided committed financing, while Gibson Dunn acted as legal advisor for CACI. J.P. Morgan Securities LLC and Evercore acted as financial advisors for Arka, and Simpson Thacher & Bartlett LLP acted as legal advisor for Arka.

This acquisition represents a strategic move for CACI, as it seeks to expand its technology focus in space-based sensing and actionable intelligence, ultimately furthering its position as a national security technology leader. As a result of these announcements, the company's shares have moved 1.8% on the market, and are now trading at a price of $558.8288. For the full picture, make sure to review CACI INTERNATIONAL INC /DE/'s 8-K report.

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