MERGERS & ACQUISITIONS
Booz Allen closes $154M deal for ARINC division
Acquisition was made to build on company's engineering capabilities
- By Mark Hoover
- Dec 03, 2012
Booz Allen Hamilton has closed on its $154 million purchase of the defense systems engineering and support division of ARINC Inc.
The all cash deal is expected to be accretive to the company’s earnings in fiscal 2014, which begins April 1, 2013.
The deal was announced in October, and closed on Nov. 30, 2012. It adds around 1,000 employees from various locations worldwide, many of which align with Booz Allen offices, the company said.
The acquisition is instrumental in ”advancing our strategy to build on Booz Allen’s existing engineering capabilities, and to bring to our clients broader and deeper expertise in technical areas such as C4ISR where we see growth potential,” said Ralph W. Shrader, Booz Allen Chairman, CEO and president.
The division “also brings to us additional existing technical support contracts for the U.S. Navy and Air Force, supplementing our strong presence in the defense market. Beyond that, we expect that the match of outstanding people, client relationships, and a focus on client mission – as well as the proven track record of quality delivery by [the division] – will strengthen our business going forward,” he said.
Mark Hoover is a senior staff writer with Washington Technology. You can contact him at firstname.lastname@example.org, or connect with him on Twitter at @mhooverWT.