Booz Allen Hamilton, a leading provider of management and IT consulting services to the US government, raised $238 million Tuesday evening by offering 14,000,000 shares at $17 per share, at the low end of its $17 to $19 range. The McLean, VA based company was founded in 1914 and booked over $5 billion in sales in its fiscal year ended March 31, 2010. The company was bought out in 2008 by Carlyle, which will continue to own roughly 70% of the company. Booz Allen Hamilton will begin trading on the NYSE on Wednesday under the symbol BAH. Morgan Stanley and Barclays Capital acted as lead managers on the deal.
