Schulte is representing Cerberus Capital Management LP and DynCorp International in DynCorp’s acquisition by Amentum Holdings LLC, a leading contractor to U.S. federal and allied governments. The acquisition will create one of the largest providers of mission critical support services with the companies having more than $6 billion in combined revenue in the past year. Amentum’s combination with DynCorp will accelerate their growth, enhance market access and transform the company into one of the largest in the industry with over 34,000 employees in more than 30 countries around the world. The acquisition was announced in September 2020 and is expected to close in the fourth quarter of 2020.
The Schulte team advising Cerberus and DynCorp is led by M&A and securities partners Stuart Freedman and Andrew Fadale. The team also includes M&A and securities partner Michael Gilligan, special counsel Gregory Kinzelman and associates Caitlin Cornell, Sarah Sullivan and Nicolette Fata; tax partners Alan Waldenberg and David Passey and associates Joseph Reich and Talia Jaffe; finance & derivatives partner Antonio Diaz-Albertini and associate McKenzie Osborne; employment & employee benefits partner Ian Levin, special counsel Scott Gold and associate Adam Gartner; intellectual property, sourcing & technology partner Edward Sadtler, special counsel Scott Kareff and associate Jennifer Gordon; real estate partner Julian Wise, special counsel Amiel Mandel and associate Aaron Schwed; litigation partners Michael Swartz and Gary Stein and associate Thomas DeFranco; and environmental partner Howard Epstein and special counsel Theodore Keyes.