Blackstone Leads $1 Billion Financing for Security Business Merger

• •Blackstone leads a $1 billion financing for Analogic and Leidos merger.
• •The merger aims to strengthen security imaging and detection capabilities.
• •Transaction closed earlier in October 2026, enhancing service for critical infrastructure.

On October 12, 2026, Blackstone Credit & Insurance announced a $1 billion financing deal to support the merger of Analogic Corporation and Leidos' Security Enterprise Solutions businesses. This merger aims to enhance capabilities in security imaging and detection across critical infrastructure sectors, including airports and ports. The transaction, which closed earlier in October, is expected to create a more robust global security company. Blackstone served as the lead lender alongside HPS, Bank of America, and Wells Fargo. The financing is intended to bolster the combined entity's ability to serve customers in mission-critical environments. Analogic specializes in advanced imaging and detection technologies, while Leidos focuses on security solutions for various sectors. No cybersecurity threats or vulnerabilities were reported in relation to this financing announcement.