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Consulting giant Booz Allen Hamilton plans $300 million IPO

June 21, 2010
BAH

Booz Allen Hamilton, which provides management and technology consulting services to the US government, filed on Monday with the SEC to raise up to $300 million in an initial public offering. The McLean, VA-based company, which was founded in 1914 and booked $5.1 billion in sales for the fiscal year ended March 31, derived 98% of its revenue from 1,300 clients across the US government under more than 4,900 contracts, according to the S-1. The consulting firm plans to list under the symbol BAH. Booz Allen Hamilton is 81% controlled by Explorer Coinvest, which is owned by The Carlyle Group. Morgan Stanley and Barclays Capital are the lead underwriters on the deal, for which pricing terms and timing were not disclosed.