Leidos to acquire ENTRUST Solutions Group for $2.4B cash, doubling energy infrastructure business

Leidos Holdings, Inc.

Acquisition adds 5,500+ energy professionals and complements Leidos' utility engineering capabilities.
Expected to close in Q2 2026; funded via new debt, cash on hand, and commercial paper.
Immediately accretive to revenue growth and EBITDA margin; accretive to non-GAAP EPS in 2027.
Doubles Leidos' $600M energy infrastructure engineering business, targeting growing utility budgets.
Seller is Kohlberg; Citi advises Leidos; regulatory approval under HSR required.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Leidos Holdings, Inc. entered into Purchase Agreement with KENE Holdings, L.P. and KENE Parent, Inc. ("Entrust") valued at $2,400,000,000 (effective 2026-01-23).

Action: entry
Agreement: asset purchase
Counterparty: KENE Holdings, L.P. and KENE Parent, Inc. ("Entrust")
Value: $2,400,000,000
Effective: 2026-01-23

Exact text from the filing

On January 23, 2026, Leidos, Inc. (the “ Purchaser ”), a Delaware corporation and wholly-owned subsidiary of Leidos Holdings, Inc. (“ Leidos ”), entered into a Stock Purchase Agreement (the “ Purchase Agreement ”) with KENE Holdings, L.P., a Delaware limited partnership (the “ Seller ”) and KENE Parent, Inc., a Delaware corporation (“ Entrust ”).

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Leidos Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-021627

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