Maximus to acquire Agile Defense for $660 million cash with up to $50 million earnout
Maximus (MMS) signed a definitive agreement to buy Agile Defense, a cybersecurity and AI firm with roughly 1,100 security‑cleared employees, for $660 million in cash. The purchase price may be adjusted and includes a contingent earnout of up to $50 million based on performance. The transaction is expected to close in the first quarter of Maximus’ fiscal 2027, subject to regulatory approvals.
Why it matters
The company says the deal will be immediately accretive to adjusted diluted earnings per share and roughly neutral to GAAP EPS for fiscal 2027. The acquisition also expands Maximus’ addressable defense and national‑security market, adding specialized cyber and AI capabilities.
Key facts
- 1Cash purchase price of $660 million, subject to adjustments. tradingview.com
- 2Potential additional contingent consideration of up to $50 million earnout. tradingview.com
- 3Closing expected in the first quarter of Maximus’ fiscal 2027. stocktitan.net
- 4Agile Defense employs approximately 1,100 security‑cleared personnel. investing.com
- 5Transaction multiple of about 11 times Agile Defense’s expected adjusted EBITDA for calendar 2027. finance.yahoo.com
- 6Acquisition expected to be immediately accretive to adjusted diluted EPS and approximately neutral to fiscal 2027 GAAP EPS. finance.yahoo.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.