The company has sold a majority stake in the government side to The Carlyle Group for $2.54 billion, and now Booz Allen's commercial business will form a stand-alone company, which will be owned and operated by the commercial officers. The transaction is expected to close later this year.
The commercial and international business will become an independent company focused on global management consulting, according to Booz Allen. "Booz Allen is already a clear leader in the management consulting industry, with a powerful reputation, enviable client base, strong financial position, and unwavering commitment to serving the senior agenda of the world's leading institutions. As a stand-alone company, the new commercial and international business will have greater agility to meet the needs of its client base, maximize its potential, and realize significant growth across the globe," said Dr. Ralph Shrader, Booz Allen Hamilton chairman and CEO.
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