DynCorp to be Acquired by Amentum; John Vollmer, George Krivo Quoted

Amentum CEO John Vollmer
Amentum CEO John Vollmer

An Amentum affiliate will acquire DynCorp International for terms undisclosed after the two companies reached a definitive agreement. The acquisition is expected to close during the current year’s fourth quarter, according to a joint statement released Thursday.

“The combination of our two companies will accelerate our growth into key new markets such as aviation support services, contractor logistics support, intelligence solutions, and training,” said Amentum CEO John Vollmer and five-time Wash100 Award winner.

“This strategic combination of two market leading companies will deliver tremendous value to our customers and increased opportunities for our employees,” said George Krivo, CEO of DynCorp and two-time Wash100 Award recipient.

George Krivo, CEO of Dyncorp
George Krivo, CEO of Dyncorp

Collectively, DynCorp and Amentum have earned more than six billion dollars in revenue over the last year. The acquisition will revamp Amentum into one of the largest providers of mission critical support services with 34,000 employees across more than 30 countries. 

“We look forward to welcoming DynCorp’s employees to the Amentum family. Our complementary capabilities and cultures will propel Amentum to the top of our market as a leader with differentiated solutions to support our clients’ most challenging missions.”

RBC Capital Markets, LLC acted as financial advisor to Amentum, Cravath, Swaine & Moore LLP acted as legal counsel, and Covington & Burling LLP acted as regulatory and government contracts counsel.  Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC acted as DynCorp’s financial advisors and Schulte Roth & Zabel LLP acted as legal counsel. 

You may also be interested in...

Brandon Wales Acting Director CISA

Brandon Wales: CISA’s New Campaign Aims to Help Public, Private Sectors Defend Against Ransomware

The Cybersecurity and Infrastructure Security Agency has launched a campaign to promote the use of cybersecurity tools and best practices to increase ransomware threat awareness across the public and private sectors.

The White House

President Biden Issues COVID-19 Data Collection Order

President Joe Biden has ordered federal agencies to work with the government's COVID-19 response coordinator in efforts to collect, publish and share pandemic-related data and address disinformation or misinformation campaigns regarding the public health crisis.