Herndon IT Firm Acquired By Booz Allen For $725M

McLean, Virginia-based government contractor Booz Allen Hamilton will acquire Herndon, Virginia-based Liberty IT Solutions LLC for $725 million. Liberty IT Solutions has about 600 employees, with other operations in Exton, Pennsylvania, and Melbourne, Florida. Its work includes IT modernization projects for government agencies and in the health care industry, including the Department of Veterans Affairs, expanding Booz Allen’s growth in health care consulting. According to wtop.com, "Liberty IT Solutions has a backlog of more than $2 billion in IT modernization work. Booz Allen said the acquisition will immediately increase revenue growth and earnings. The acquisition is expected to close in the first quarter of Booz Allen’s 2022 fiscal year. Booz Allen Hamilton is the largest government technology contractor in the D.C. area, with almost 14,000 employees locally, and more than 27,000 worldwide. The company has annual revenue of about $7.5 billion."

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Maryam

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Maryam N. is a Senior Writer at Nesbitt Realty. She is an expert on Fairfax County. Maryam has also worked previously as a geologist. She is a foodie and enjoys cooking and exploring new restaurants.