Maximus acquires Attain fed biz for $430M
Reston gov services company to buy division of McLean firm
Reston-based government services company Maximus announced Monday it has acquired the federal division of McLean-based Attain LLC for $430 million.
With more than 30,000 employees worldwide and $2.8 billion in 2019 revenues, Maximus promotes itself as the nation’s largest Medicaid enrollment administrator. The company was founded in 1975 and provides business process management and technology services. Attain is privately owned and serves the federal government focusing on artificial intelligence and machine learning.
“Our M&A strategy remains keenly focused on enabling us to build long-term, sustainable, organic growth by continuing to build scale, enhance our clinical and digital capabilities and extend into new areas,” Maximus President and CEO Bruce Caswell said in a statement. “We believe this is an optimal path to enhancing long-term shareholder value.”
Under the acquisition, the business will become part of Maximus’ U.S. federal services segment and is expected to generate up to $140 million in revenue this fiscal year. The acquisition will extend Maximus’ ability to design, develop and deliver mission support to federal customers.
“We aim to deliver a unique citizen experience and use digital technologies and industry leading capabilities to deliver innovation to our federal customers and the citizens they serve,” Caswell said in a statement. “Attain Federal joining Maximus helps drive this aim forward even further.”