Booz Allen Hamilton acquires Herndon IT company for $725M
McLean-based Fortune 500 firm acquires Liberty IT Solutions
McLean-based Fortune 500 global management consulting company Booz Allen Hamilton Inc. announced Tuesday that it has entered into a definitive agreement to acquire Herndon-based Liberty IT Solutions LLC for $725 million.
In a statement, Booz Allen President and CEO Horacio Rozanski said, “This acquisition supports our long-term strategy to drive continued growth by investing in innovative technologies and talent at scale. The addition of Liberty strengthens our unique market position as a leader in digital transformation, accelerates already robust growth in our health business and beyond, and delivers value for our people, our clients, and our shareholders.”
Liberty comes with a backlog of more than $2 billion in federal contracts and is expected to be “a growth driver within Booz Allen’s federal portfolio,” the company said in a news release.
Chris Bickell, a partner at Liberty, said, “Booz Allen and Liberty share a deep commitment to helping organizations achieve their goals through best-in-class solutions delivered with integrity, courage and ingenuity. By pairing Liberty’s leading Salesforce and LCNC qualifications with Booz Allen’s advanced technologies and proven people, processes and systems, we are scaling that critical support to deliver the essential transformation that clients need.”
With $7.5 billion in fiscal 2020 revenue, Booz Allen employs more than 27,600 workers globally, with about 10,000 employed in Virginia.