Baird's Investment Banking Group is pleased to announce the following transaction:

December 2020
1901 Group
Sale to Leidos
Technology & Services
Baird served as exclusive financial advisor to 1901 Group on this transaction

1901 Group LLC (“1901 Group”) has been acquired by Leidos Holdings, Inc. (“Leidos” or the “Company”).

1901 Group is a leading managed services company tying cloud, cyber security and enterprise-scale digital modernization services and capabilities to improve performance and reduce costs. 1901 Group’s unique approach applies technology and process automation to a set of repeatable and reusable services, allowing customers complete flexibility to tailor their needs across a spectrum of support models, from traditional on-premise support to off-premise managed services as well as a targeted mix of hybrid models. 1901 Group brings a strategic, transformative approach to IT service delivery with over a decade of experience delivering IT to the federal marketplace.

Leidos’ acquisition of 1901 Group illustrates the following buyer priorities in Government & Defense M&A: (1) increasing Government customer adoption of a managed services delivery approach and (2) the importance of scalable and outcomes-based business models.

Leidos is a Fortune 500® information technology, engineering, and science solutions and services leader working to solve the world’s toughest challenges in the defense, intelligence, homeland security, civil, and health markets. The Company’s 38,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $11.09 billion for the fiscal year ended January 3, 2020.

For additional information about this transaction, please contact:

Jean Stack +1-703-394-1831
John Song +1-703-394-1832
Alex Sevilla +1-703-394-1833
Nicole Coffey +1-703-394-1835
Joshua Butler +1-703-394-1804
Zachary Ross +1-703-394-1840