Booz Allen Hamilton buys Acquilent for $250M
Booz Allen Hamilton will acquire agile web development firm and cloud service provider Aquilent for $250 million to boost its digital contracting offerings for federal agencies.
The acquisition will enhance Booz Allen’s “growing technology capabilities and talent base, particularly its emphasis on building citizen-focused digital services,” the company said in a release. The company hopes to close the deal by the end of calendar year 2016, adding up to $35 million in revenue to its bottom line for the remainder of the fiscal year, which ends March 31, 2017.
“Aquilent builds on Booz Allen’s existing digital capabilities, bringing greater expertise to deliver the digital services that citizens expect the Federal government to provide in a modern, 24/7 environment,” Greg Wenzel, executive vice president for Booz Allen’s digital business, said in a written statement. “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.”
Aquilent’s current business will now operate in its current Laurel, Maryland, location as an arm of Booz Allen Digital’s business. The 350-employee company has provided digital and cloud services to the U.S. Postal Service, the Department of Health and Human Services, the General Services Administration and a variety of other federal clients.
“Joining a firm like Booz Allen, which aligns so closely with our expertise, offers the chance to expand into new areas of digital work, expands capabilities for our clients through the breadth of their relationships, and is a great opportunity for the people of Aquilent,” CEO David Fout said. “We look forward to working together to support existing and future clients.”