ASRC Federal has entered into a definitive agreement to acquire the logistics and supply chain management business of Science Applications International Corp. in a $350 million deal.
With this acquisition, ASRC Federal will bolster its secure, technology-enabled supply chain management and logistics solutions for the Defense Logistics Agency. DLA provides services to Defense Department agencies like the U.S. Army, U.S. Air Force and U.S. Navy on a global scale.
“This acquisition provides another channel for growth by further diversifying our robust set of capabilities,” said ASRC Federal President and CEO Jennifer Felix.
“I am excited to welcome this mission-focused team who has earned a best-in-class reputation for delivering innovative solutions to their customers. Their work directly impacts the readiness of America’s warfighters, and they will bring tremendous capability to both new and existing ASRC Federal customers.”
The to-be-acquired business aligns with ASRC Federal’s base operations support capability, which currently provides procurement, logistics and warehousing services at military locations throughout the U.S.
“Today’s announcement represents a milestone in SAIC’s priority to shape our portfolio and advance our strategy,” said Nazzic Keene, CEO of SAIC.
“The agreement allows for seamless transition and continued support for the logistics and supply chain management business and their important customer missions, while enabling SAIC to concentrate resources in our Growth & Technology Accelerant areas of focus. These areas include Secure Cloud, Enterprise IT and Systems Integration & Delivery which now account for more than 30% of SAIC revenue.”
Upon closing of the transaction, ASRC Federal will add about 240 professionals.