SPARC's Software Services Unit Sold for $53M

Last November, Booz Allen Hamilton announced the acquisition of SPARC LLC's sofware services unit which provides software development services for the VA and other public and commercial clients.  Based on BAH's latest 10-Q, the company paid $53M for the unit which implies a revenue multiple of just over one times projected FY17 revenue of $50M.  Keep in mind that deal was likely structured as an asset purchase (our guess), which means the resulting goodwill is tax deductible over 15 years and the effective purchase price  is less than the stated $53M.