Engility President and CEO Tony Smeraglinolo. Photo: Engility
Engility Holdings [EGL] on Monday said its shareholders have approved the company’s pending $1.1 billion acquisition of TASC, Inc., which is expected to close on Feb. 26.
Engility announced the all-stock transaction for fellow professional and technical services company TASC last October. Once the deal closes, Engility will have about $2.5 billion in annual sales.
“We expect the TASC acquisition to accelerate our growth strategy, which is focused on further diversifying our customer base, adding substantial scale to our business, broadening our capabilities and increasing our addressable market,” Tony Smeraglinolo, Engility president and CEO, said in a statement.