Booz Allen Hamilton has completed its acquisition of Liberty IT Solutions LLC for $725 million.
Liberty is a digital partner working with the federal IT ecosystem with software development services
“This acquisition is directly on strategy and will fuel our growth,” said Horacio Rozanski, Booz Allen president and chief executive officer. “Booz Allen and Liberty share a passion for people, innovation, and technical excellence. I am pleased to welcome an exceptional team of colleagues with an equal commitment to helping clients use disruptive technology to transform and advance missions.”
“Today’s federal agencies have wide-ranging and rapidly evolving modernization needs,” said Kristine Martin Anderson, executive vice president of Booz Allen’s Civilian Services Group. “Joined with Booz Allen’s talented workforce and secure, modern digital solutions, Liberty’s leading capabilities and more than 600 solution architects, engineers, and other highly skilled professionals will help us deliver even more innovative technology, bold thinking, and advanced transformation solutions in support of the nation’s ambitious domestic agenda.”
“We are excited for Liberty’s next chapter as a Booz Allen company and the new opportunities this brings for our people and our clients,” said Scott Hanawalt, president of Liberty. “We look forward to continuing to serve clients with integrity and ingenuity as we work together to accelerate transformation across the federal market, bringing our unique insights, expertise, and culture to bear as we join Booz Allen in empowering people to change the world.”
Jefferies LLC served as exclusive financial advisor to Booz Allen for the transaction, and King & Spalding LLP served as legal advisor. Booz Allen retained PwC as accounting and tax advisor and Avascent for strategic industry advisory services. Baird served as exclusive financial advisor to Liberty, and Holland & Knight LLP served as legal advisor in connection with the transaction.