We represented Serco Inc. in its definitive Asset Purchase Agreement to acquire Alion Science & Technology Corporation’s Naval Systems Business Unit, including its Canadian business and a small number of related contract operations, for $225 million. The acquisition, subject to regulatory approvals, is expected to close in the second half of 2019. Serco Inc., a provider of professional, technology, and management services, will strengthen its presence in naval support with this acquisition, and will become a stronger integrated maritime solutions provider for the U.S. Navy and other customers.
The deal team was led by Bass, Berry & Sims corporate attorney Jason Northcutt, and included corporate attorneys Bo Cook, Stewart Day, Andrew Hard, Oliver Peglow and Tyler Wadlington. Firm attorneys Richard Arnholt, Todd Overman and Sylvia Yi advised on government contracts aspects; Shelley Thomas and Rod Valle advised on intellectual property matters; Curtis Fisher and Noah Black advised on executive compensation matters; Philip Lewis counseled on tax issues; Bob Horton, Mary Leigh Pirtle, Kimberly Veirs and Laura Mallory advised on labor and employment aspects; and Luke Smith advised on antitrust matters.
“We are excited for Serco Inc. as they continue to strengthen their presence in naval support. We are grateful for the opportunity to represent them in this transaction, and we look forward to continuing to build our transactional bench in the government contract sector,” said Jason Northcutt.
To read the full press release issued by Serco Inc., click here. The transaction was also highlighted in several media outlets, including:
Serco Inc. is a leading provider of professional, technology, and management services. We advise, design, integrate, and deliver solutions that transform how clients achieve their missions. Our customer-first approach, robust portfolio of services, and global experience enable us to respond with solutions that achieve outcomes with value. Headquartered in Herndon, Virginia, Serco Inc. has approximately 6,000 employees and annual revenue of $1 billion. Serco Inc. is a wholly-owned subsidiary of Serco Group plc, a $4 billion international business that helps transform government and public services around the world.
The Bass, Berry & Sims government contracts transactions group provides clients with advice across the entire range of the firm’s practice areas in guiding government contractors through complex corporate transactions, including mergers, acquisitions, dispositions, recapitalizations, reorganizations, and joint ventures and have represented clients in more than 90 deals ranging in size from $10 million to $2 billion. Our corporate and securities attorneys serve as primary corporate and securities counsel to more than 35 public companies and have counseled on 150 deals ranging in size from $20 million to more than $15 billion over past two years. The team and our attorneys have been consistently recognized in leading industry outlets, including Chambers USA – ranked as a top corporate firm in Tennessee since 2003 – and M&A Advisor Award recipient for – “M&A Deal of the Year ($10MM-$25MM)” and “Healthcare and Life Sciences Deal of the Year (Over $100MM-$1B)” in 2018; and “M&A Deal of the Year (From $1B-$5B)” and “Corporate/Strategic Deal of the Year (Over $1B)” in 2017.