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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowHaverstick Consulting Inc., the Carmel defense-consulting firm, is being acquired by Kratos Defense & Security Solutions Inc. of San Diego, Calif., for $90 million.
Of the $90 million, $69 million is cash and $21 million is Kratos stock.
Kratos’ announcement late this morning did not discuss the future of Haverstick’s employees.
Financial backers of Haverstick include former Conseco executives Stephen Hilbert and Rollin Dick.
Kratos said the deal, which is expected to close late this month or in early December, will broaden its ability to garner larger contracts, particularly with the U.S. Air Force.
Haverstick provides engineering, logistics, suborbital rockets and rocket launch support services; it also offers information technology, program management, and other professional services to government and the private sector.
A key Haverstick investor is billionaire John Menard, the founder of the home improvement chain. Menard also is backing Hilbert’s private equity firm, MH Equity.
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