Engility Holdings Merges with SAIC for $2.5 Billion

We represented Engility Holdings (NYSE: EGL) in its merger with Science Applications International Corp. (NYSE: SAIC) in which SAIC acquired Engility in an all-stock transaction valued at $2.5 billion. With two highly complementary portfolios, the transaction creates market sub-segment scale in strategic business areas of national interest, such as defense, federal civilian agencies, intelligence, and space. In addition, it expands the capabilities of both companies, bringing additional systems engineering, mission, and IT capabilities to a broader base of customers. The combined company ranks as the second largest independent technology integrator in government services.

Engility Holdings, Inc. is a pure-play government services contractor providing highly skilled personnel wherever, whenever they are needed in a cost-effective manner.

SAIC is a premier technology integrator providing full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets.

This transaction was named a finalist in the “Industrials Deal of the Year (Over $1B),” “Corporate/Strategic Deal of the Year ($1B-$5B)” and “Private Equity Deal of the Year (Over $1B)” categories for the 18th Annual M&A Advisor Awards in 2019. Bass, Berry & Sims had six separate deals recognized as finalists among nine categories for the 2019 M&A Advisor Awards.

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