Booz Allen Hamilton announced Tuesday that it has entered into an agreement to acquire Liberty IT Solutions for $725 million in an effort to strengthen the former’s digital solutions capabilities and improve the its ability to work with strategic industry partners to help clients adapt and transform. Baird is Liberty’s exclusive financial adviser while Jefferies serves in the same capacity for Booz Allen.
“Liberty IT further propels Booz Allen as a leader in Low Code/No Code capabilities. Liberty IT has been extremely successful in helping to operationalize Salesforce within Federal market so it’s not difficult to see why this transaction makes sense for Booz Allen,” said John Song, managing director at Baird and a previous Wash100 Award recipient.
The deal will create a robust digital portfolio with end-to-end digital offerings, expanded salesforce capabilities, advanced technology integration and solid strategic growth.
“This acquisition supports our long-term strategy to drive continued growth by investing in innovative technologies and talent at scale,” commented Horacio Rozanski, president and CEO of Booz Allen.
Liberty works to drive transformation across the federal IT ecosystem and employs approximately 600 solution architects, engineers and other technical staff throughout the nation.
The acquisition will allow Liberty to grow its LCNC capabilities through Booz Allen’s vast connections in the federal market. Liberty employees will become a part of Booz Allen’s remote solution centers, including its digital hub in Charleston, South Carolina.
Chris Bickell, partner at Liberty, said that “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.”
The transaction is expected to close in the first quarter of fiscal year 2022 and is subject to customary closing conditions.