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Business

Akanksha Bakshi

Booz Allen Agrees To Acquire EverWatch For Undisclosed Sum

Booz Allen BAH Booz Allen Hamilton Holding Corp NYSE Virginia

Booz Allen Hamilton Holding Corp (NYSE:BAH) has agreed to acquire EverWatch, a provider of advanced solutions to the defense and intelligence communities. Deal terms were not disclosed.
Reston, Virginia-based EverWatch, a portfolio company of Enlightenment Capital, builds and operates mission-critical classified platforms to defend against increasingly sophisticated national cyber threats.
Following the transaction's closing, EverWatch will operate as a wholly-owned subsidiary of Booz Allen, working closely with the firm's National Security Sector led by Sector President Judi Dotson.
The transaction accelerates Booz Allen's national security growth aligned with VoLT strategy. The company expects to close the transaction in the first quarter of Booz Allen's FY23.
Booz Allen held cash and equivalents of $642.71 million as of December 31, 2021.
Price Action: BAH shares are trading lower by 3.17% at $82.26 on the last check Wednesday.

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