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

MOUNT KISCO, N.Y.--(BUSINESS WIRE)--Kohlberg, a leading U.S. middle-market private equity firm, today announced that it has entered into a definitive agreement to sell ENTRUST Solutions Group (“ENTRUST” or the “Company”) to Leidos (NYSE: LDOS) for approximately $2.4 billion. The transaction represents a successful exit for Kohlberg, following its initial acquisition of the Company in 2019 and a minority recapitalization in 2023. ENTRUST is a leading consulting and engineering services platform