Home / M&A Activity / Booz Allen Sells State, Local Gov’t Transportation Consulting Business

Booz Allen Sells State, Local Gov’t Transportation Consulting Business

Booz Allen Hamilton has signed an agreement to sell its state and local government transportation consulting business to CH2M HILL.

State and local government transportation consulting makes up for less than 1 percent of Booz Allen’s business, and this deal enables the firm to better focus on its core federal government work.

Under the terms of the agreement, CH2M HILL will pay Booz Allen Hamilton $28.5 million in cash, subject to certain adjustments. At the closing of the deal, currently expected to be during the third calendar quarter of 2011 and subject to customary closing conditions, Booz Allen Hamilton will begin to assign its current state and local contracts to CH2M HILL.

 

Check Also

submarine

Huntington Ingalls Lands $400M Navy IDIQ for Nuclear Submarine, Support Facility Repair Services

Huntington Ingalls Industries (NYSE: HII) has been awarded a potential $400 million indefinite-delivery/indefinite-quantity contract to …

SAIC logo

SAIC Wins Potential $383M Navy Contract for MK 48 Torpedo Components

Science Applications International Corp. (NYSE: SAIC) has won a potential four-year, $383.1 million contract to produce …

Subscribe to our Newsletter
I will subscribe later