KBR to buy Centauri, expand military space
KBR Inc. has agreed to acquire Centauri LLC for approximately $800 million from Arlington Capital Partners, a private equity firm.
Centauri provides high-end engineering and development solutions for national security missions associated with space, intelligence, cyber and emerging technologies, such as directed energy and missile defense. Headquartered in Chantilly, Va., with 22 offices across the United States, Centauri has more than 1,750 employees.
With Centauri, KBR will expand its military space and intelligence businesses and benefit from a balanced and differentiated portfolio.
KBR expects to fund the purchase price with around $300 million in cash on hand and $500 million of debt.
Hilltop Residential buys apartments near Dallas
Hilltop Residential, headquartered in Houston, has purchased The Lyla apartments, an almost 240-unit rental community located just south of Bush Turnpike that is part of Richardson’s $2 billion CityLine development.
Completed in 2018, the five-story project is valued for taxes at more than $35 million.
The apartment project was sold by developer JLB Residential, which built the property in partnership with Crow Holdings.
Allied Power adds combustion firm to its portfolio
Houston’s Allied Power Group has acquired Combustion Parts Inc., a provider of combustion components for heavy-frame industrial gas turbines. Lori Jenks, one of the founders of CPI, has joined the APG team.
APG provides critical components and services to its customers in the power generation, refining, pipeline, and industrial sectors.
Provider of in-home care sold to Dallas PE firm
Central Home Health Services of Texas Inc. has been sold to Actinium Healthcare Holdings LLC. Terms of the deal were not disclosed.
Houston-based Central Home Health Services is an in-home health care agency. It specializes in non-medical care through Texas Medicaid. Most of its clients are administered through United Health Care and Amerigroup.
Actinium Healthcare Holdings is a start-up private equity firm located in Dallas and focused on health care. The deal was brokered by Generational Equity, an M&A firm based in Dallas.
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