Leidos plans to acquire ENTRUST in a $2.4 billion all-cash deal, positioning it as a top U.S. energy engineering provider with 3,100 new employees. The purchase is expected to close in Q2 2026 and be accretive to adjusted EPS in 2027, bringing in about $650 million in annual revenue. Leidos will finance the deal with a bridge facility, bonds, cash, and commercial paper, expecting significant synergies and growth in the energy market.
Leidos executives described the ENTRUST acquisition as a strategic move to boost its energy business and accelerate growth in power and energy infrastructure services. The deal aligns with Leidos’ growth strategy, focusing on markets with rising demand and leveraging differentiated capabilities. The acquisition is seen as a major step in advancing the company’s “North Star 2030” strategy.
ENTRUST is a power and utilities engineering firm focused on electric and gas infrastructure, with revenue from long-term agreements with blue-chip clients. The combination with Leidos will create an integrated platform across power generation, delivery, and gas transmission. The deal aims to bring cross-selling opportunities, leveraging cyber and IT services to expand market exposure.
Leidos executives highlighted the importance of scale in the energy engineering market, positioning the company as a top provider in power and transmission & distribution services. The deal expands Leidos’ national footprint and is expected to drive revenue growth and cost synergies. The company plans to issue bonds, use cash, and commercial paper to finance the acquisition.
The acquisition of ENTRUST by Leidos is part of a deliberate strategy to strengthen its position in the energy market. The deal is expected to enhance Leidos’ capabilities in power engineering and infrastructure services, with a focus on growth and customer demand. The company aims to leverage synergies and cross-selling opportunities to drive long-term growth and value.
Read more at Yahoo Finance: Leidos to Buy ENTRUST for $2.4B Cash Deal, Aiming to “Turbocharge” Energy Growth by 2026