Together, SAIC and Halfaker’s solutions strengthen the company’s robust digital transformation portfolio in areas such as DevSecOps, digital engineering, automation, and process improvement.
Transaction Details
SAIC expects the transaction to be accretive to its revenue growth rate, adjusted diluted earnings per share, and free cash flow in fiscal year 2022. SAIC expects to fund the $250 million cash transaction through a combination of cash on hand and incremental debt.
The transaction is expected to close by the end of SAIC’s second quarter of fiscal year 2022, ending July 30, 2021, subject to customary closing conditions.
Advisors
Robert W. Baird & Co. acted as the exclusive financial advisor to Halfaker and Associates on this transaction, and Crowell & Moring LLP served as legal counsel. King & Spalding LLP served as legal counsel to SAIC.
About SAIC
SAIC® is a premier Fortune 500® technology integrator driving our nation’s technology transformation. Our robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes secure high-end solutions in engineering, digital, artificial intelligence, and mission solutions. Using our expertise and understanding of existing and emerging technologies, we integrate the best components from our own portfolio and our partner ecosystem to deliver innovative, effective, and efficient solutions that are critical to achieving our customers' missions.
We are more than 26,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.2 billion.
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