Booz Allen completes acquisition of Liberty IT Solutions

16 June 2021 Consulting.us 2 min. read
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Booz Allen Hamilton has completed its acquisition of Liberty IT Solutions, a Herndon, VA-headquartered IT consultancy specializing in federal government clients.

The $725-million deal was announced on May 4, 2021, and will add 600 professionals to Booz Allen’s civilian services group – which serves clients across healthcare, transportation, energy, justice, and law enforcement, among other areas.

The acquisition was funded by excess cash on hand and net proceeds from Booz Allen’s $500-million debt offering announced earlier this month.

Liberty has offices in Herndon, VA; Exton, PA; and Melbourne, FL and supports federal clients with software development in agile, DevSecOps, and APIs, as well as cloud implementation. The firm has particular expertise in public sector Salesforce projects, with a team of 140+ Salesforce architects, administrators, managers, and developers.Booz Allen completes acquisition of Liberty IT SolutionsThe deal will build on Booz Allen’s core strength in IT consulting for US federal clients.

“This acquisition is directly on strategy and will fuel our growth,” said Horacio Rozanski, Booz Allen president and CEO. “Booz Allen and Liberty share a passion for people, innovation, and technical excellence. I am pleased to welcome an exceptional team of colleagues with an equal commitment to helping clients use disruptive technology to transform and advance missions.”

Booz Allen’s advisors on the transaction included PwC (accounting and tax advisory), Jefferies LLC (financial advisory), and Avascent (strategic industry advisory).

“We are excited for Liberty’s next chapter as a Booz Allen company and the new opportunities this brings for our people and our clients,” said Scott Hanawalt, president of Liberty. “We look forward to continuing to serve clients with integrity and ingenuity as we work together to accelerate transformation across the federal market, bringing our unique insights, expertise, and culture to bear as we join Booz Allen in empowering people to change the world.”

Booz Allen provides a broad suite of technology and management consulting services to government and commercial clients. The McLean, VA-based firm has approximately 27,700 employees globally.

The firm last month appointed Jon Muñoz – formerly Hilton’s diversity head – as its chief diversity, equity, and inclusion officer.