August 17, 2022

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The DOJ is suing to dam Booz Allen Hamilton’s acquisition of EverWatch

The Justice Division on Wednesday filed a civil antitrust lawsuit to hunt Booz Allen Hamilton Holding Corp.’s BAH.
+1.08%
proposed acquisition of EverWatch Corp.

In response to a grievance filed within the US District Court docket in Maryland, the division alleges that the merger would create a monopoly bidder and threaten competitors for a authorities contract to offer operational modeling and simulation providers to the Nationwide Safety Company.

Booz Allen, the guardian firm of data know-how consulting agency Booz Allen Hamilton Inc., introduced in March that it plans to amass the EC Protection Holdings LLC subsidiary. The phrases of the transaction weren’t disclosed presently.

EverWatch is a authorities options firm centered on protection and intelligence work.

Assistant Legal professional Normal Jonathan Kanter of the Justice Division’s Antitrust Division stated in ready observations that the settlement “endangers competitors in a market important to our nationwide safety.”

https://www.marketwatch.com/story/doj-files-lawsuit-to-block-booz-allen-hamilton-acquisition-of-everwatch-271656544060?rss=1&siteid=rss The DOJ is suing to dam Booz Allen Hamilton’s acquisition of EverWatch

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