AcquisitionsApr 21, 2026, 08:32 AM
Cycurion Updates Kustom Acquisition: $5.1M Revenue, $8.0M Backlog
AI Summary
Cycurion, Inc. provided an update on its revised non-binding Memorandum of Understanding (MOU) to acquire Kustom Entertainment's legacy video solutions segment. The transaction is projected to contribute approximately $5.1 million in annual revenue and an $8.0 million backlog. Both companies aim to close the deal by early June 2026, subject to due diligence and definitive agreements. The acquisition is expected to enhance Cycurion's public safety and security solutions by integrating video surveillance capabilities with its ARx cybersecurity platform.
Key Highlights
- Acquisition of Kustom's video solutions segment expected to add $5.1M in annual revenue.
- Estimated $8.0M backlog from established contracts and recurring subscriptions.
- Purchase price of $5.5M includes $1.25M cash and $4.25M secured promissory note.
- Targeting transaction completion by early June 2026.