ASRC Federal on Monday said it has completed its $350 million acquisition of the logistics and supply chain management business of Science Applications International Corp. [SAIC], a deal that adds 240 employees.

For ASRC Federal, a subsidiary of Arctic Slope Regional Corp., the acquisition complements its military base operations support work that provides procurement, logistics and warehousing services throughout the U.S.

ASRC’s new logistics and supply chain management business has been serving the Defense Logistics Agency for more than 40 years.

SAIC divested the business to focus on its growth and technology areas, which include secure cloud, enterprise information technology, and systems integration and delivery.

Jefferies acted as SAIC’s financial adviser on the deal.