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Business/Financial

RTI International Acquires Engility’s International Development Unit; Engility Warns Of Charge

By Cal Biesecker

Monday, January 9th, 2017

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RTI International Acquires Engility’s International Development Unit; Engility Warns Of Charge

Engility CEO Lynn Dugle. Photo: Engility

The nonprofit research firm RTI International on Monday said it has acquired Engility Corp.’s [EGL] international development services business, which provides solutions to the State Department’s U.S. Agency for International Development (USAID). Engility said in an investment filing last Friday that the sale price is $24 million, which is less than the carrying value of the assets for its International Resources Group (IRG) business and will result in a charge of between $20 million and $30 million in pre-tax income in its…

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