Holland & Knight Represents Government Contractor Maximus in $1.4 Billion Acquisition
TYSONS, Va. (April 21, 2021) – Holland & Knight is advising Maximus (NYSE: MMS), a leading provider of government services worldwide, in its acquisition of the parent company of Veterans Evaluation Services, Inc. (VES) for a purchase price of $1.4 billion, subject to certain adjustments. The agreement was announced on April 21 and the transaction is expected to close in Maximus's third fiscal quarter this year.
VES serves the U.S. federal government and has established a strong reputation with the U.S. Department of Veterans Affairs as a leading provider of medical disability examinations to determine veterans’ eligibility for compensation and pension benefits.
Maximus is headquartered in Reston, Virginia, and has 34,000 employees worldwide. The acquisition of VES furthers a core element of Maximus's long-term corporate strategy to increase revenue attributable to providing independent and conflict-free clinical business process outsourcing (BPO) services at scale. The acquisition also supports the company’s ongoing strategic priority of expansion into the U.S. federal market.
Holland & Knight Partners Brent Singley and Valarie Ney, along with Associates Anush Yegyazarian and Ariel Stevenson, are advising Maximus on the deal. The deal team also includes Partners Elizabeth Burkhard, Eric Crusius, John Dierking, Marc Druckman, Kerry Halpern, Jason Havens, Stacie Nelson, Phil Schreiber, Bill Sherman, Ashley Shively, Colin Smith and Ilenna Stein, and Associates Dan Janovitz and Madison Jaros.
More information about the transaction can be found here.