SAIC $2.5 billion acquisition of Engility

Overview:

• SAIC (Science Applications International Corporation), a US technology and engineering company, has agreed to acquire technology services firm Engility Holdings for $2.5 billion.
• Citigroup Global Markets and Stone Key Partners were financial advisors to SAIC. Renaissance Strategic Advisors provided SAIC with business due diligence and strategy support services. For Engility, Guggenheim Securities acted as lead financial advisor, Fairmont Consulting Group provided business due diligence services, and Morgan Stanley provided financial advisory services.
• The transaction is expected to close in the first quarter of 2019, subject to regulatory approval.

Prin Shasiharan - Researcher