We are representing Engility Holdings (NYSE: EGL) in its definitive agreement to merge with Science Applications International Corp. (NYSE: SAIC) in which SAIC will acquire Engility in an all-stock transaction valued at $2.5 billion. With two highly complementary portfolios, the transaction will create 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 will rank as the second largest independent technology integrator in government services upon closing, which is anticipated to take place in the first quarter of 2019.
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.