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Article: Investor Group to Partner with Management to Transition TASC Inc. into an Independent Company.
- Article from:
- PR Newswire
- Article date:
- November 8, 2009
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$1.65 Billion Acquisition Creates Premier Independent High-End Systems Engineering & Technical Advisory Services Business Serving U.S. Government Ensures TASC's Full Compliance with New OCI* Standards
GREENWICH, Conn. and NEW YORK, Nov. 8 /PRNewswire/ -- An investor group led by General Atlantic LLC ("GA") and affiliates of Kohlberg Kravis Roberts & Co. ("KKR"), in partnership with the management team of TASC, Inc., ("TASC"), today announced a definitive agreement to acquire 100% of TASC from Northrop Grumman Corporation in a transaction valued at $1.65 billion. Founded in 1966, TASC today generates approximately $1.6 billion in revenue and has nearly 5,000 ...