Transactions: Integral Systems

  • Date/Status
  • Client
  • Description
  • Transaction Value
  • July 28, 2011
  • Exclusive financial advisor to Integral Systems on its sale to Kratos Defense and Security
  • $266 million

Integral, a global provider of satellite command and control, telemetry, digital signal processing and communications information assurance products and systems, agreed to be acquired by Kratos Defense and Security following the completion of a comprehensive evaluation of the company’s strategic alternatives.  The acquisition expanded Kratos’ capabilities in cybersecurity, intelligence, communications and unmanned aerial systems, all higher growth areas which will receive funding priority over the coming years.  Kratos’ purchase price of $266 million equated to a transaction multiple of approximately 9.5x CY2011 adjusted EBITDA.