M&A

SAIC-Engility deal clears antitrust hurdle

Science Applications International Corp. has cleared a key federal regulatory hurdle in its process to acquire Engility Corp. and create one of the three largest publicly-traded government services companies in the market.

SAIC said Tuesday that the mandatory 30-day waiting period for review mandated by the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired that day. Large merger-and-acquisition transactions are able to move forward after that window closes or if antitrust regulators end that period early.

The SAIC-Engility deal remains subject to approvals of shareholders for both companies.

M&A deals involving government IT and services providers typically have shorter antitrust review periods compared to transactions among large platform and product primes.

The SAIC-Engility transaction was cleared one month after it was first announced, as was General Dynamics’ acquisition of CSRA and the three-way merger to create Perspecta.

By comparison, Northrop Grumman’s purchase of Orbital ATK took approximately nine months for the Federal Trade Commission to review. The FTC placed conditions on the combined company’s solid rocket motor business for that deal to close.

About the Author

Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at rwilkers@washingtontechnology.com. Follow him on Twitter: @rosswilkers. Also find and connect with him on LinkedIn.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • VIDEO: Explore the 2019 M&A Trends

    Editor Nick Wakeman interviews Kevin DeSanto of the investment bank KippsDeSanto about the highlights of their annual M&A survey and trends driving acquisitions in the federal space. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman and senior staff writer Ross Wilkers discuss the major news events so far in 2019 and what major trends are on the horizon. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.