June 2018
Kratos
Canaccord Genuity acts as exclusive advisor to Kratos Defense & Security Solutions on the sale of its Public Safety & Security Division to Securitas
Canaccord Genuity is pleased to announce that on June 11, 2018, Kratos Defense & Security Solutions (“Kratos”) has completed the divestiture of its Public Safety & Security Division (“PSS”) to Securitas Electronic Security, a subsidiary of Securitas. PSS is a top 10 systems integrator in North America and provides design, engineering, installation and service of advanced integrated security technology and systems for projects across critical infrastructure, healthcare, financial services, and other verticals.
Kratos expects to receive approximately $70 million of net cash proceeds from the transaction.
The successful divesture of PSS represented the Aerospace & Defense team’s fourth transaction with Kratos since November 2016. The Canaccord Genuity team consisted of Greg Agnew, David Istock, Eli Simon-Mishel, Meredith Fronheiser, and Fred Fang.
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