Booz Allen Hamilton completes acquisition of AquilentNews
January 26, 2017
McLean, Va. Officials at Booz Allen Hamilton closed the acquisition of the Laurel, MD-based digital services firm eGov Holdings, Inc. (d/b/a Aquilent) on January 24, 2017. The transaction is expected to add approximately $20 million of revenue through the remainder of Booz Allen?s fiscal year 2017. It is expected to be accretive to Booz Allen earnings and operating margin in fiscal year 2018.
Aquilent employs about 310 professionals and is considered a premiere architect of .gov solutions for the Federal government, for whom it deploys digital, agile, DevOps, and cloud capabilities. eGov Holdings, Inc. is now a wholly-owned subsidiary of Booz Allen Hamilton Inc.
Aquilent currently provides digital and cloud services for the U.S. Department of Health and Human Services, U.S. Postal Service (USPS), U.S. General Services Administration (GSA), and other federal clients.
Before the transaction’s close, Aquilent worked with Booz Allen and the U.S. Navy to divest the SeaPort-e Portal contract to a third party to resolve any potential organizational conflict of interest (OCI) concerns. The divestiture included all data, code rights, associated assets, and about 30 staff related to this contract. The SeaPort-e Portal contract will not impact the anticipated synergies of the acquisition for Booz Allen.
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