M&A 2018 Annual Review

SAIC Morrison & Foerster represented Science Applications International Corp. (SAIC), a leading technology integrator supporting the government services market, in its acquisition of Engility Holdings in a stock-for-stock transaction initially valued at $2.5 billion. This transaction created the second-largest independent technology integrator in government services and accelerates SAIC’s growth strategy into key markets. It combined two leading government service providers, with highly complementary capabilities, customers, and cultures, and accelerates both companies’ long-term strategies, creating market sub-segment scale in strategic business areas of national interest such as defense, federal civilian agencies, intelligence, and space. “THE HIGHLY COMPLEMENTARY PORTFOLIOS, COMBINED WITH OUR SIMILAR CULTURES, OPERATING MODELS, AND HISTORIES, MAKE THIS TRANSACTION A COMPELLING COMBINATION THAT ENHANCES THE VALUE PROPOSITION FOR OUR CUSTOMERS, EMPLOYEES, AND SHAREHOLDERS. WE LOOK FORWARD TO WELCOMING THE ENGILITY TEAM INTO SAIC, AS TOGETHER WE CREATE A MARKET LEADER IN GOVERNMENT SERVICES WITH MORE THAN 23,000 EMPLOYEES.” Tony Moraco, CEO, SAIC MORRISON & FOERSTER 2018 M&A ANNUAL REVIEW 22