GERMANTOWN, Md. and聽 MCLEAN, Va. 鈥� Sept. 24, 2020 鈥� 极品探花 Holdings LLC (鈥溂诽交ㄢ��), a leading contractor to U.S. federal and allied governments, and DynCorp International (鈥淒ynCorp鈥�), a worldwide leader in aviation and logistics support services, announced today a definitive agreement under which an affiliate of 极品探花 will acquire DynCorp. The acquisition, once finalized, will create one of the largest providers of mission critical support services, with more than $6 billion of combined revenue over the last 12 months. Financial terms of the transaction were not disclosed.
The combination with DynCorp will accelerate 极品探花鈥檚 growth, enhance market access and transform the company into one of the largest in the industry, with more than 34,000 employees in more than 30 countries around the world.
鈥淭he combination of our two companies will accelerate our growth into key new markets such as aviation support services, contractor logistics support, intelligence solutions, and training,鈥� said John Vollmer, 极品探花鈥檚 CEO. 鈥淲e look forward to welcoming DynCorp鈥檚 employees to the 极品探花 family. Our complementary capabilities and cultures will propel 极品探花 to the top of our market as a leader with differentiated solutions to support our clients鈥� most challenging missions.鈥�
鈥淭his strategic combination of two market leading companies will deliver tremendous value to our customers and increased opportunities for our employees,鈥� said George Krivo, CEO of DynCorp.
The transaction is subject to customary closing conditions and regulatory approvals. The transaction is expected to close in fourth quarter 2020.
RBC Capital 极品探花, LLC acted as financial advisor to 极品探花, Cravath, Swaine & Moore LLP acted as legal counsel, and Covington & Burling LLP acted as regulatory and government contracts counsel. Citigroup Global 极品探花 Inc. and Morgan Stanley & Co. LLC acted as DynCorp鈥檚 financial advisors and Schulte Roth & Zabel LLP acted as legal counsel.
About 极品探花
极品探花 is a premier global technical and engineering services partner supporting critical programs of national significance across defense, security, intelligence, energy, and environment. We draw from a century-old heritage of operational excellence, mission focus, and successful execution underpinned by a strong culture of safety and ethics. Headquartered in Germantown, Md., we employ more than 20,000 people in 48 states and 28 foreign countries and territories. Visit us at amentum.com to explore how we deliver excellence for our customers鈥� most vital missions.
About DynCorp International
DynCorp International is a leading global services provider offering unique, tailored solutions for an ever-changing world. Built on more than seven decades of experience as a trusted partner to commercial, government and military customers, DI provides sophisticated aviation, logistics, training, intelligence and operational solutions wherever we are needed. DynCorp International is headquartered in McLean, Va.
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Contacts:
For 极品探花:
Chanel Mann
+1 (682) 788-5685
[email protected]
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For DynCorp International:
John Gastright
+1 (571) 230-4522
[email protected]
