Business
Neuberger Berman Capital Solutions Exits Minority Investment in ENTRUST Solutions Group Through Sale to Leidos for $2.4 Billion
Neuberger Berman Capital Solutions, along with funds managed by Neuberger Berman Private Markets (collectively, "Neuberger"), announced the exit of its minority investment in ENTRUST Solutions Group ("ENTRUST" or the "Company") through a sale to Leidos (NYSE:LDOS) for approximately $2.4 billion. Neuberger initially acquired a significant minority stake in ENTRUST in August 2023, alongside existing investor Kohlberg & Company.
About this update from Leidos Holdings, Inc.
[{"type":"text","content":"NEW YORK, Jan. 27, 2026 /PRNewswire/ -- Neuberger Berman Capital Solutions, along with funds managed by Neuberger Berman Private Markets (collectively, "Neuberger"), announced the exit of its minority investment in ENTRUST Solutions Group ("ENTRUST" or the "Company") through a sale to Leidos (NYSE:LDOS) for approximately $2.4 billion. Neuberger initially acquired a significant minority stake in ENTRUST in August 2023, alongside existing investor Kohlberg & Company.","length":503,"tagName":"p"},{"type":"image","alt":"Neuberger Berman Logo (PRNewsFoto/Neuberger Berman Group LLC)","displaySize":"","headline":null,"caption":"Neuberger Berman Logo (PRNewsFoto/Neuberger Berman Group LLC)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":64,"url":"https://media.zenfs.com/en/prnewswire.com/afac255a937052f5ea245e9c80008801"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/jkdjWVjqWVidmaD03og7Uw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTExMztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/afac255a937052f5ea245e9c80008801","width":400,"height":64}},"href":"https://mma.prnewswire.com/media/75472/neuberger_berman_group_llc_logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The investment was held by several client portfolios managed by Neuberger.","length":74,"tagName":"p"},{"type":"text","content":"Headquartered in Lisle, Illinois, ENTRUST is a leading consulting and engineering services platform serving the utility and infrastructure end markets. Working from 40+ locations across the country, ENTRUST's over 3,100 professionals provide consulting, design, and engineering services to a broad base of customers, supporting the maintenance and upgrade of aging utility infrastructure across the United States.","length":417,"tagName":"p"},{"type":"text","content":""We'd like to congratulate ENTRUST on their upcoming partnership with Leidos. It's been a privilege to partner with Adam and team over the past several years, as they've continued to build a business positioned for long-term success," said J.T. Munch, Managing Director, Neuberger Berman Capital Solutions. "We are grateful for their hard work and dedication and are excited to watch as ENTRUST's next chapter unfolds."","length":455,"tagName":"p"},{"type":"...