Holland & Knight Guides Leidos Holdings on $380 Million Acquisition of Gibbs & Cox
TYSONS, Va. (May 11, 2021) – Holland & Knight represented Leidos Holdings, Inc. (NYSE: LDOS), a Fortune 500 science and technology leader, in its acquisition of Gibbs & Cox, Inc. for approximately $380 million. The deal was announced on May 7.
Headquartered in Arlington, Va., Gibbs & Cox is the largest independent ship design firm focused on naval architecture and marine engineering. The company will operate as a wholly owned subsidiary and will be combined with Leidos' maritime systems division.
The acquisition positions Leidos to provide a broad set of engineering solutions to the U.S. Navy and to an expanding set of foreign navies.
The Holland & Knight team representing Leidos was led by Partner Marisa Terrenzi and Associates Anush Yegyazarian and Kelly McKeon. They were assisted by Partners Gary Schoenbrun, Elizabeth Burkhard, Kara Ariail, Victoria Zerjav, Antonia Tzinova, Marc Druckman, John Dierking, Robert Frank, Christian Nagel, James Hohenstein, Christopher Nolan, Anne-Mette Andersen, Anthony Fuga, Matthew Vafidis and David Kully and Associates Dariya Golubkova, Daniel Janovitz, Clayton Vignocchi and Alyssa Helal.
More information about the transaction can be found here.