Deal Details
Attain Federal Is Acquired By Maximus
Summary
The Federal Division of Attain, LLC (“Attain Federal”) has been acquired by Maximus, Inc. (“Maximus”) for $430 million in cash.
Baird served as exclusive financial advisor to Attain, LLC on this transaction.
About
Attain Federal is a premier next generation digital consultancy fusing innovative strategy with comprehensive technology solutions. Attain Federal utilizes automation and digital expertise across its market-leading application development capabilities, advanced analytics, and cybersecurity solutions in support of strategic programs within federal civilian as well as the national security market.The acquisition reinforces Maximus’ long-term corporate strategy including accelerating digital transformation and the ongoing expansion into the U.S. federal market, which is a priority growth area. Attain Federal will also benefit from Maximus’ experience serving federal government clients, its strategic contract vehicles, as well as its leadership position in driving digital transformation for government.
Maximus’ acquisition of Attain Federal illustrates the following buyer priorities in Government & Defense M&A: (1) increased adoption of next-generation digital capabilities by Government customers to achieve their transformation and modernization objectives and (2) companies of scale with differentiated capabilities commanding strong interest from strategic and private equity buyers.
Since 1975, Maximus has operated under its founding mission of Helping Government Serve the People®, enabling citizens around the globe to successfully engage with their governments at all levels and across a variety of health and human services programs. With more than 34,000 employees worldwide, Maximus is a proud partner to government agencies in the United States, Australia, Canada, Italy, Saudi Arabia, Singapore, South Korea, Sweden, and the United Kingdom.
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- Date
- March 2021
- Company
- Federal division of Attain, LLC
- Transaction
- M&A - Sellside
- Sectors
- Technology & Services
- Verticals
-
Defense & Government
Human Capital Management
IT Services, Security & Infrastructure
Knowledge Solutions
- Target Geography
- North America
- Acquiror Geography
- North America
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