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Business/Financial

Engility Holdings To Acquire TASC

Defense Daily Staff

Tuesday, October 28th, 2014

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Engility Holdings To Acquire TASC

Photo: New York Stock Exchange.

Engility Holdings [EGL], a government services contractor, is planning to acquire TASC, a similar firm, in a $1.1 billion all-stock transaction that is expected to close in the first quarter of next year, the companies announced Tuesday. They said the merger will create a combined projected revenue of $2.5 billion based on 2014 numbers. Tony Smeraglinolo, Engility president and CEO, said in a statement that the acquisition of TASC is part of Engility’s strategy to grow and diversify the company’s…

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