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  • Thursday, April 25, 2024

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.

 

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