M&A Deal Summary

Huntington Ingalls Industries Acquires Alion

On July 6, 2021, Huntington Ingalls Industries acquired information technology company Alion from Veritas Capital for 1.7B USD

Acquisition Highlights
  • This is Huntington Ingalls Industries’ 2nd transaction in the Information Technology sector.
  • This is Huntington Ingalls Industries’ largest (disclosed) transaction.
  • This is Huntington Ingalls Industries’ 7th transaction in the United States.
  • This is Huntington Ingalls Industries’ 2nd transaction in Virginia.

M&A Deal Summary

Date 2021-07-06
Target Alion
Sector Information Technology
Buyer(s) Huntington Ingalls Industries
Sellers(s) Veritas Capital
Deal Type Add-on Acquisition
Deal Value 1.7B USD
Advisor(s) Macquarie (Financial)
Milbank (Legal)

Target

Alion

McLean, Virginia, United States
Alion provides engineering, information technology, naval architecture, and operational solutions for defense, civilian government, foreign governments, and commercial industries in the United States and internationally. Alion was founded in 2001 and is based in McLean, Virginia.

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Buyer(S) 1

Buyer

Huntington Ingalls Industries

Newport News, Virginia, United States

Category Company
Founded 1886
Sector Marine
Employees44,000
Revenue 11.5B USD (2023)
DESCRIPTION

Huntington Ingalls Industries is a military shipbuilding company and a provider of manufacturing, engineering and management services to the nuclear energy, oil and gas markets. Huntington Ingalls Industries was founded in 1886 and is based in Newport News, Virginia.


DEAL STATS #
Overall 8 of 8
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 6 of 6
State (Virginia) 2 of 2
Country (United States) 7 of 7
Year (2021) 2 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 UniversalPegasus International

Houston, Texas, United States

UniversalPegasus International is an engineering and design firm that provides its clients with a broad range of engineering, inspection, survey, and project management services focused on the gathering, transmission, and processing of hydrocarbons and hydrocarbon-based products both onshore and offshore domestic and international markets. UniversalPegasus International was founded in 2008 and is based in Houston, Texas.

Sell -

Seller(S) 1

SELLER

Veritas Capital

New York, New York, United States

Category Private Equity Firm
Founded 1992
PE ASSETS 40.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Veritas Capital is a private equity investment firm that targets investments in defense, aerospace, government services, media/telecommunications, consumer products, and specialty manufacturing companies. Veritas generally partners with management when pursuing investments. Prospective transaction situations include buyouts, growth capital investments, and leveraged recapitalizations. Veritas Capital was established in 1992 and is based in New York City.


DEAL STATS #
Overall 23 of 27
Sector (Information Technology) 5 of 5
Type (Add-on Acquisition) 12 of 14
State (Virginia) 8 of 9
Country (United States) 23 of 27
Year (2021) 2 of 4
Size (of disclosed) 4 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-22 Abaco Systems

Huntsville, Alabama, United States

Abaco Systems is a provider of open architecture computing and electronic systems for aerospace, defense, and industrial solutions. The Company's portfolio of commercial-off-the-shelf ("COTS") products is based on high-performance, rugged computing technologies and custom designs for use in a wide array of applications and is designed to withstand harsh environments such as extreme temperature, high vibration and exposure to natural elements. Abaco Systems was founded in 2015 and is based in Huntsville, Alabama.

Sell $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-30 Arcfield

Chantilly, Virginia, United States

Arcfield is a provider of full lifecycle, mission-focused systems engineering and integration capabilities to the U.S. Intelligence Community, Department of Defense and other agencies. The company has more than 60 years of proven experience providing advanced engineering and analysis, IT and C5ISR capabilities to support our nation’s most critical national security missions. Arcfield is headquartered in Chantilly, Virginia.

Buy -