Debevoise Advises SRA and Providence Equity Partners in SRA’s Combination with CSC’s Government Services Unit

31 August 2015

Debevoise & Plimpton LLP is advising SRA and Providence Equity Partners in SRA’s definitive agreement to combine with CSC’s government services unit, Computer Sciences Government Services (CSGov), upon the spin-off of that unit, plans for which were announced in May.

SRA is owned by a shareholder group led by Providence Equity Partners and SRA’s founder, Dr. Ernst Volgenau, as well as members of its management team. The transaction with SRA is targeted to close before the end of November 2015, upon the separation of CSC’s government services unit.

The combined company, to be named prior to closing, will become the largest pure-play IT services provider serving the U.S. government sector, with combined FY15 revenues of approximately $5.5 billion, nearly 19,000 employees and among the industry’s leading profit margins.

SRA is a leading provider of sophisticated information technology and professional services to the U.S. federal government. Its services help government customers address complex IT needs in order to achieve their missions. The company is inspired by its customers’ missions and strives to provide the best people, working together to generate the best ideas, to deliver the best possible performance -- all driven by its enduring values of Honesty and Service®. SRA was founded in 1978. It is headquartered in Fairfax, VA and employs approximately 5,600 professionals.

The Debevoise team is led by partners Margaret Andrews Davenport and Michael A. Diz, and includes partners Gary M. Friedman, Jonathan F. Lewis, Pierre Maugüé and Steven J. Slutzky, counsel Judith L. Church and Dmitriy A. Tartakovskiy and associates Usman Arain, Joseph M. DiCioccio, Yosefa A. Englard, Daniel N. Fasanello, Ben Lee Friedman, Spencer K. Gilbert, Morgan J. Hayes, Simone S. Hicks, Eric T. Juergens and Zahra J. Khosrovi Sowder.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.