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

Date:
May 2021
Company:
Liberty IT Solutions
Description:
Sale to Booz Allen Hamilton
Sector(s):
Technology & Services
Baird served as exclusive financial advisor to Liberty IT Solutions LLC on this transaction

Liberty IT Solutions LLC (“Liberty” or the “Company”) has agreed to be acquired by Booz Allen Hamilton, Inc. (“Booz Allen”) (NYSE: BAH) for $725 million. The transaction is subject to various regulatory approvals and customary closing conditions.

Liberty is a top-tier provider of digital modernization solutions to the Federal Government and is an industry-recognized leader in API development as well as the implementation of cloud and low code / no code (LCNC) solutions. The Company has a proven track record delivering transformative solutions across the U.S. Department of Veterans Affairs (VA) and other Federal customers. They are recognized as a Salesforce Navigator Expert for their demonstrated thought leadership in the Public Sector category, as well as proven delivery on the largest and most complex Salesforce projects, with over 70 completed to date. Liberty is headquartered in Herndon, Virginia with a national presence and a dedicated Agile Center of Excellence in Melbourne, Florida.

Booz Allen’s acquisition of Liberty provides Booz Allen with a broader suite of digital transformation and strategic Salesforce and LCNC capabilities. The acquisition will deepen Booz Allen’s digital solutions capabilities, expand its talent base and service delivery models, accelerate growth in its health business, and strengthen its ability to work with commercial best-of-breed technologies to help clients adapt and transform.

Booz Allen is a consulting firm with expertise in analytics, digital, engineering, and cyber. They are a key partner on some of the most innovative programs for governments worldwide and trusted by its most sensitive agencies. Booz Allen employs about 27,600 people globally, and had revenue of $7.5 billion for the 12 months ended March 31, 2020. Booz Allen is headquartered in McLean, Virginia.

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