Science Applications International Corp. (SAIC) has entered into a definitive agreement to acquire Halfaker and Associates, LLC, a leading federal health technology solutions provider, for approximately $250 million to grow the company’s digital transformation portfolio, SAIC announced on Thursday.
“This acquisition reinforces SAIC’s commitment to supporting the government healthcare mission, including our strong support for the health and wellbeing of veterans. It further accelerates SAIC’s profitable growth, brings key diverse talent, and offers access to strategic customers and contract vehicles within health IT for the DOD and federal government,” said Nazzic Keene, CEO of SAIC and 2021 Wash100 Award recipient.
Halfaker brings advanced end-to-end digital solutions that further transform and empower customer decision-making through modernization and optimization. With their combined expertise and capabilities, SAIC and Halfaker’s solutions will strengthen the company’s robust digital transformation portfolio in areas such as DevSecOps, digital engineering, automation, and process improvement.
The transaction is expected to close by the end of SAIC’s second quarter of fiscal year 2022 and the company expects to fund the transaction through a combination of cash and incremental debt. Robert W. Baird & Co. acted as the exclusive financial adviser to Halfaker and Associates on this transaction.
“It is such a privilege to work with someone for whom you have such admiration. From Dawn’s distinguished military career to her relentless dedication to support veterans and wounded warriors, she has built such an amazing company with Halfaker and Associates,” said Jean Stack, managing director for Baird and 2019 Wash100 Award winner.
“It takes a special company like SAIC to take Dawn’s vision and passion to the next level,” she added.