Kohlberg Announces Sale of ENTRUST Solutions Group to Leidos for $2.4 Billion

Core Viewpoint - Kohlberg has entered into a definitive agreement to sell ENTRUST Solutions Group to Leidos for approximately $2.4 billion, marking a successful exit for Kohlberg after its acquisition of the company in 2019 and a minority recapitalization in 2023 [1]. Group 1 - The transaction value is approximately $2.4 billion [1]. - ENTRUST Solutions Group is identified as a leading consulting and engineering services platform [1]. - Kohlberg's previous acquisition of ENTRUST occurred in 2019, followed by a minority recapitalization in 2023 [1].