Md.-based contractor closes on DynCorp International acquisition
Amentum buys McLean-based company
Germantown, Maryland-based government contractor Amentum announced Monday it has acquired McLean-based DynCorp International.
Financial terms of the deal, originally announced on Sept. 24, were not disclosed.
The acquisition will create a company with more than 34,000 employees and allow the company to expand to new markets, according to Amentum’s statement.
“The addition of DynCorp International will make us a powerhouse with an enduring mission focus and market-leading positions in several key areas,” Amentum CEO John Vollmer said in a statement. “The enhanced size, scope and footprint of the combined organization will help ensure sustained delivery excellence to our customers and allow us to pursue transformational opportunities in the market.”
Founded in 1951, DynCorp provides aviation, logistics, training, intelligence and operational services. Amentum provides defense, security, intelligence, energy and environmental services to government clients.
“Decisions regarding any changes to the DynCorp International brand have yet to be made,” according to a company statement. “For the next several months while integration activities are underway, Amentum’s interim operating organization will continue to seamlessly serve our customers’ critical missions.”
Amentum used RBC Capital Markets LLC as a financial adviser, Cravath, Swaine & Moore LLP as legal counsel and Covington & Burling LLP as regulatory and government contracts counsel. DynCorp used Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC as financial advisers and Schulte Roth & Zabel LLP as legal counsel.