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New Deal


Announced

Completed

Huntington Ingalls Industries completed the acquisition of Alion Science and Technology from Veritas Capital for $1.65bn.

Financials

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Transaction Value£1,191m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA14x
Share Price Premium-
One Off Charge-

Tags

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Majority

Domestic

Engineering Consulting

United States

engineering science

Acquisition

Friendly

Private

Single Bidder

Private Equity

Completed

Synopsis

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Huntington Ingalls Industries, a military shipbuilding company, completed the acquisition of Alion Science and Technology, a provider of engineering science and technology solutions, from Veritas Capital, a private equity firm, for $1.65bn. “We established the Technical Solutions division in 2016 with a vision and strategy focused on partnering with our customers to solve their most pressing challenges. Today’s announcement, coupled with our previous investments in leading edge technologies, such as cybersecurity and autonomous systems, reflects our commitment to stay on the cutting edge of critical, high-growth national security solutions and generate significant long-term value for our shareholders," Mike Petters, Huntington Ingalls Industries President and CEO.

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