M&A
confidence high
sentiment positive
materiality 0.75
KBR to acquire LinQuest for $737M; expected close Q3/Q4 2024
KBR, INC.
- Purchase price $737M, represents ~11x 2025 FY Adj. EBITDA multiple.
- Transaction expected to be accretive to adjusted EPS; funded with cash and existing debt.
- LinQuest has 1,500+ employees, >74% hold security clearances; supports U.S. Space Force and Air Force.
- Deal unanimously approved by KBR Board; subject to regulatory approvals.
- KBR CEO Stuart Bradie cites strong complementary capabilities and revenue synergy opportunities.