Deal Details
1901 Is Acquired by Leidos
Summary
1901 Group LLC (“1901 Group”) has been acquired by Leidos Holdings, Inc. (“Leidos” or the “Company”).
Baird served as exclusive financial advisor to 1901 Group on this transaction.
About
1901 Group is a leading managed services company tying cloud, cyber security and enterprise-scale digital modernization services and capabilities to improve performance and reduce costs. 1901 Group’s unique approach applies technology and process automation to a set of repeatable and reusable services, allowing customers complete flexibility to tailor their needs across a spectrum of support models, from traditional on-premise support to off-premise managed services as well as a targeted mix of hybrid models. 1901 Group brings a strategic, transformative approach to IT service delivery with over a decade of experience delivering IT to the federal marketplace.Leidos’ acquisition of 1901 Group illustrates the following buyer priorities in Government & Defense M&A: (1) increasing Government customer adoption of a managed services delivery approach and (2) the importance of scalable and outcomes-based business models.
Leidos is a Fortune 500® information technology, engineering, and science solutions and services leader working to solve the world’s toughest challenges in the defense, intelligence, homeland security, civil, and health markets. The Company’s 38,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $11.09 billion for the fiscal year ended January 3, 2020.
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- Date
- December 2020
- Company
- 1901 Group
- Transaction
- M&A - Sellside
- Sectors
- Technology & Services
- Verticals
-
Defense & Government
- Target Geography
- North America
- Acquiror Geography
- North America
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