ASRC Federal closes $350M purchase of SAIC logistics biz
Reston contractors announced cash deal in March
The $350 million cash sale of Science Applications International Corp. (SAIC)’s logistics and supply chain management business to ASRC Federal Holding Company LLC is complete, the Reston-based companies announced Monday.
ASRC and Fortune 500 tech contractor SAIC first announced the deal in March. With the sale’s completion, 240 SAIC employees transitioned to ASRC Federal.
“We are excited to welcome this exceptional team with decades of experience providing innovative solutions to their customers. The rest of the ASRC Federal team is ready to support them in their important mission to equip our military personnel and help ensure our nation’s security,” ASRC Federal President and CEO Jennifer Felix said in a statement.
The Defense Logistics Agency, which provides services to Department of Defense agencies, including the Army, Air Force and Navy, uses the division’s logistics and supply chain solutions.
SAIC employs about 24,000 people and reported $7.4 billion in fiscal 2022 revenue.
ASRC Federal is a federal government services subsidiary of Arctic Slope Regional Corp., an Alaska Native corporation. Its family of companies provides engineering, IT, infrastructure and professional services support. ASRC Federal has about 8,000 employees and operations across 44 states, districts and territories.