Booz Allen has entered into a definitive agreement to acquire IT and services firm Liberty IT Solutions for $725 million.
The acquisition will broaden and deepen Booz Allen’s digital solutions capabilities, expand its talent base and service delivery models and strengthen its ability to work with strategic industry partners.
Liberty is headquartered in Herndon, Virginia, with a national presence including in Exton, Pennsylvania, and a dedicated Agile Center of Excellence in Melbourne, Florida. The company employs roughly 600 solution architects, engineers and other technical employees.
“As the government pushes to accelerate the modernization of IT systems to increase efficiencies and improve outcomes, this acquisition will strengthen our ability to meet their critical needs,” said Kristine Martin Anderson, Booz Allen executive vice president.
“The addition of the Liberty team and capabilities will help us meet those needs together, propelling our digital transformation journey by blending deep technical expertise with more than a century of consulting heritage,” she added.
Horacio Rozanski, Booz Allen president and CEO, added:
“The addition of Liberty strengthens our unique market position as a leader in digital transformation, accelerates already robust growth in our health business and beyond, and delivers value for our people, our clients, and our shareholders.”