CACI Announces Intent to Acquire Wexford Group International
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ARLINGTON, Va., May 30: CACI International Inc (NYSE:CAI) announced today that it has signed a definitive agreement to purchase the stock of The Wexford Group International (WGI). Wexford is an employee-owned consulting firm serving federal government clients in both domestic and international locations. Terms of the transaction were not disclosed. Closing is anticipated during CACI's fourth fiscal quarter that ends June 30, 2007.
Wexford is headquartered in Vienna, Virginia, with offices in North Carolina, Kansas, and Georgia. The company provides solutions for acquisition management, operational applications of technology, strategic communications, and management, organization, and performance. Wexford's revenue is expected to be approximately $100 million for its fiscal year ending December 2007. CACI anticipates the transaction will be accretive to CACI's fiscal year ending June 30, 2008.
Wexford has a full-time staff of more than 190 professionals, augmented by subject matter experts. Major clients include Departments of the Army, Navy, and Air Force as well as Department of Defense (DoD) organizations such as the Defense Information Systems Agency (DISA) and the Deployment Health Support Directorate. With the acquisition, CACI will expand its presence within the defense community, in both the U.S. and abroad, and increase the management and technical consulting capabilities it offers clients.
According to CACI President of U.S. Operations Paul Cofoni, "CACI welcomes the employees of The Wexford Group International. As they join our team of dedicated professionals, they will bring seasoned expertise in business, government, and the military, with proven skills in leadership and management. Their acquisition will provide CACI with greater capabilities to offer our clients in the key defense market, and will give us a client base that both complements and expands our own."
Dr. J.P. (Jack) London, CACI Chairman, President, and CEO, said, "We believe The Wexford Group International will be a great fit with our CACI culture of quality client service and best value. Moreover, Wexford's outstanding record of revenue and business growth gives us great confidence they will grow and succeed on our team. With this transaction, CACI looks forward to another highly successful strategic acquisition that expands our client support, enhances shareholder value, and increases our scale."
Wexford President and CEO William H. Reno stated, "The Wexford Group International is very excited and honored to join the CACI family of businesses. We feel that our cultures are compatible and that the integration of our two companies will be a great success."
CACI International Inc provides the IT and network solutions needed to prevail in today's new era of national security, intelligence, and e- government. From systems integration and managed network solutions to knowledge management, engineering, simulation, and information assurance, we deliver the IT applications and infrastructures our federal customers use to improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. Our solutions lead the transformation of national security and intelligence, assure homeland security, enhance decision-making, and help government to work smarter, faster, and more responsively. CACI is a member of the Fortune 1000 Largest Companies of 2007 and the Russell 1000 index. CACI provides dynamic careers for approximately 10,100 employees working in over 120 offices in the U.S. and Europe. CACI is the IT provider for a networked world. Visit CACI on the web at http://www.caci.com/.
Source: CACI International Inc
CONTACT: Investor information David Dragics, Senior Vice President, Investor Relations, 1-866-606-3471, ddragics@caci.com; Other information Jody Brown, Executive Vice President, Public Relations, +1-703-841-7801, jbrown@caci.com
Web site: http://www.caci.com/
