Kohlberg Flips The Switch On $2.4 Billion ENTRUST Sale

Group 1 - Kohlberg has agreed to sell ENTRUST Solutions Group to Leidos Holdings Inc for approximately $2.4 billion [1] - The transaction is expected to close in the second quarter of 2026, with Houlihan Lokey and Perella Weinberg Partners serving as financial advisors [2] - ENTRUST has expanded its geographic reach, service capabilities, and customer base through organic growth and strategic acquisitions since Kohlberg acquired it in 2019 [4] Group 2 - Adam Biggam, CEO of ENTRUST, stated that the collaboration with Kohlberg has strengthened their ability to serve customers and enhance North America's critical power infrastructure [3] - Kohlberg manages approximately $17 billion in assets as of September 30, 2025, and focuses on investments in health care and services companies [4]