Booz Allen Hamilton Holding Corporation acquired remaining 60% stake in TRACEPOINT LLC for approximately $120 million.
September 12, 2021
Share
Booz Allen Hamilton Holding Corporation (NYSE:BAH) entered into a definitive agreement to acquire remaining 60% stake in TRACEPOINT LLC on September 3, 2021. Booz Allen exercised its option to acquire the remainder of Tracepoint. Booz Allen intends to integrate Tracepoint and its commercial cyber business in early calendar year 2022. Goldman Sachs & Co. LLC acted as financial advisor and King & Spalding LLP acted as legal advisor to Booz Allen Hamilton Holding Corporation. Raymond James & Associates, Inc. acted as financial advisor and Holland & Knight LLP acted as legal advisor to TRACEPOINT. alixpartners LLP . acted as financial advisor .
Booz Allen Hamilton Holding Corporation (NYSE:BAH) completed the acquisition of remaining 60% stake in TRACEPOINT LLC for approximately $120 million on September 10, 2021. The consideration includes cash consideration of approximately $120 million, net of adjustments. Under the terms of the purchase agreement, the Company has 120 days after closing to provide proposed post-closing working capital adjustments to the sellers which are subject to dispute. The final purchase price allocations will be completed after the underlying information has been finalized and agreed upon by the sellers and the Company. In a related transaction, Booz Allen Hamilton also acquired Liberty IT Solutions LLC with a combined net of cash acquired amounted to $9 million. Booz Allen Hamilton has funded the acquisition from the net cash available for investing activities. As a result of the transaction, Tracepoint and Tracepoint, LLC became wholly owned subsidiaries of Booz Allen Hamilton Inc.
Booz Allen Hamilton Holding Corporation is a holding company. The Company provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to United States (US) and international governments, major corporations, and not-for-profit organizations. Its analytics service offering focuses on providing solutions the areas of artificial intelligence (AI), such as machine learning (ML), deep learning, data science, such as data engineering and predictive modeling, automation and decision analytics, and emerging areas, such as quantum computing. Its consulting service offering focuses on the talent and expertise needed to solve client problems and develop mission-oriented solutions for specific domains, business strategies, human capital, and operations through new approaches. Its engineering solutions deliver engineering services and solutions to define, develop, implement, sustain, and modernize complex physical systems.
BOOZ ALLEN HAMILTON HOLDING CORPORATION 
