Leidos Acquires ENTRUST Solutions Group for Approximately $2.4 Billion

ENTRUST Solutions Group (Kohlberg-backed) Acquires Maskwa High Voltage Ltd.

January 9, 2025

Engineering Services

ENTRUST Solutions Group, a Kohlberg & Company-backed engineering and consulting platform, has acquired Canadian high-voltage specialist Maskwa High Voltage Ltd. The deal expands ENTRUST's footprint into Canada and enhances its transmission, distribution, substation and renewables engineering capabilities to support the energy transition and power-grid modernization.

Neuberger Berman Alternatives Acquires Significant Minority Stake in ENTRUST Solutions Group; Kohlberg Retains Majority

August 7, 2023

Engineering Services

Neuberger Berman Alternatives agreed to acquire a significant minority stake in ENTRUST Solutions Group, joining existing investor Kohlberg & Company which will retain a majority ownership. Terms were not disclosed; the investment is intended to support ENTRUST's strategic growth as the Illinois-headquartered engineering and consulting platform (3,000+ professionals across 36 locations) continues serving utility and infrastructure end markets.

ENTRUST Solutions Group Acquires Magellan Advisors LLC

November 16, 2022

Telecommunications

ENTRUST Solutions Group has completed the acquisition of Magellan Advisors LLC, a provider of turnkey fiber and broadband planning, engineering, grant writing and network operations services. The deal expands ENTRUST's capabilities in fiber broadband and grid modernization and brings Magellan's broadband program experience into the ENTRUST platform backed by Kohlberg & Company.

ENTRUST Solutions Group Acquires FiberRise Communications

August 16, 2022

Telecommunications

ENTRUST Solutions Group, backed by Kohlberg & Company, has acquired FiberRise Communications, a Huntsville, Alabama–based provider of utility broadband consulting, engineering and fiber network build/operate services. The acquisition expands ENTRUST's utility broadband and grid modernization capabilities and footprint, enabling support for electric cooperatives, municipalities and investor-owned utilities.

Leidos Acquires 1901 Group

December 10, 2020

IT Services

Leidos Holdings, Inc. agreed to acquire 1901 Group, a provider of managed IT services, cloud and cybersecurity solutions, to expand Leidos' digital modernization and cloud capabilities. The transaction is expected to close in Q1 2021 for a purchase price of $215 million funded with cash on hand.

Leidos Acquires Dynetics for $1.65 Billion

January 31, 2020

Professional Services

Leidos Holdings, Inc. completed the acquisition of Dynetics, Inc. for approximately $1.65 billion in cash. Dynetics will operate as a wholly-owned subsidiary, bringing ~2,300 employees and expanded applied-research, systems engineering, and secure manufacturing capabilities to enhance Leidos' defense, intelligence, and civil offerings.