Kohlberg’s Exit After Years of Expansion
From acquisition to scale-up
Kohlberg first acquired Entrust in 2019 and completed a minority recapitalization in 2023. Since then, the firm says Entrust has widened its geographic footprint, expanded service offerings and sharpened its market identity.
“Entrust is exceptionally well positioned to meet rising demand for power infrastructure and grid development,” said Kohlberg partner Gus Harwood, reflecting on the firm’s investment journey.
A Larger Platform, Broader Reach
5,500 energy professionals under one roof
By bringing Entrust into the fold, Leidos will expand its utility client base and enhance its ability to innovate across a broader and more diverse set of customers. Entrust CEO Adam Biggam said the merger creates a formidable end-to-end infrastructure platform.
“Our combined 5,500-plus energy professionals will have the scale, technology and reach to tackle the toughest challenges facing power and utility markets today,” Biggam said.
