Booz Allen Hamilton (NYSE: BAH) has agreed to buyÂ Laurel, Maryland-based digital services contractorÂ Aquilent for approximately $250 million in a push to grow technology offerings, talent pipeline andÂ citizen-focused digital services.
Booz Allen said TuesdayÂ the deal aimsÂ furtherÂ the McLean, Virginia-based company’sÂ efforts toÂ integrate consulting andÂ technical expertiseÂ to help customers implement cloud, mobile and modular platformsÂ with the use of agile and DevOps methodologies.
Booz Allen expects the deal to close by Dec. 31, Â subsequently contributeÂ betweenÂ $30 million and $35 millionÂ to the firm’s fiscal year 2017Â revenue and help increase itsÂ 2018 fiscal year operating margin.
Aquilent, also known as eGov Holdings, employs nearlyÂ 350 professionals whoÂ provide digital and cloud services to government clients such asÂ the General Services Administration, Department of Health and Human Services and the U.S. Postal Service.
“This acquisition expands our network of digital solutions offerings with a team of technologists and a modern facility where we can advance cutting-edge solutions for our clients and take advantage of growth opportunities in the market for large digital projects, ” saidÂ Greg Wenzel, executive vice president ofÂ Booz Allen’s digital business.
“This exciting addition to Booz Allen will bolster our capacity to provide digital transformation to clients, ” Booz Allen President and CEO Horacio Rozanski added.
Booz Allen cited the acquisition as part of its larger Vision 2020 strategy to invest resources in areas such as cloud computing, big data, mobile devices, new development methodologies and rapid productÂ and service deployments.
Houlihan LokeyÂ acted as financial adviser to Aquilent, which reported a 28-percent compound annual growth rate in revenue over the last five years.