Government services provider Maximus has acquired the federal division of Attain for $430 million.
This is deal number 144 that ChannelE2E has covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.
At the same time, Attain announced that it has restructured, with the healthcare, education, non-profit and state and local governments division remaining privately owned under the banner Attain Partners. The portion of the business that provides various technology services–including artificial intelligence and machine learning–to the U.S. government was sold to Maximus.
The acquisition of Attain will help Maximus accelerate its digital transformation offering along with its expansion into the U.S. federal market, which is a priority growth area for Maximus, the company said. With the addition of Attain Federal's automation and digital expertise, Maximus says it expects to be able to further design, develop and deliver more solutions to offer its federal customers.
Attain Federal will also benefit from Maximus’ experience serving federal government clients, its desirable contract vehicles, as well as its leadership position in driving digital transformation for government, the companies said.
This business will be part of the U.S. Federal Services Segment and is expected to generate revenue of $120 million to $140 million for the remaining seven months of fiscal 2021, according to Maximus.
Maximus Acquires Attain Federal: “An Optimal Path”
Bruce Caswell, president and chief executive officer of Maximus, commented:
“This acquisition is another milestone in our digital transformation and growth journey. We welcome the employees of Attain Federal, who are leaders in delivering robust technology solutions for government. Both Maximus and Attain share a common purpose to help deliver outcomes that matter to our government customers through a holistic, agile, secure, and customer-centric approach. Our M&A strategy remains keenly focused on enabling us to build long-term, sustainable, organic growth by continuing to build scale, enhance our clinical and digital capabilities, and extend into new areas. We believe this is an optimal path to enhancing long-term shareholder value.”
Maximus: Government IT M&A
Founded in 1975, Maximus is based in Reston, Virginia. The company has more than 30,000 employees around the globe.
Maximus is a partner to various government agencies in the United States, Australia, Canada, Italy, Saudi Arabia, Singapore, South Korea, Sweden and the United Kingdom.
Maximus isn’t the only government IT company making M&A plays. The sector has proven popular for years, with ChannelE2E tracking nearly a dozen deals since the beginning of 2020. We’ve assembled a comprehensive list of government IT M&A deals here.
