Amentum’s Merger with Jacobs’ Critical Mission Solutions and Cyber and Intelligence Businesses

On November 20, 2023, Amentum, a portfolio company of Lindsay Goldberg and American Securities, announced a definitive agreement to merge with Jacobs’ Critical Mission Solutions and Cyber and Intelligence businesses, creating a new leader in systems integration and technology solutions. The transaction, which is structured as an all‑stock, Reverse Morris Trust transaction, will result in a publicly traded combined organization with $13 billion in revenue and more than 53,000 employees in 83 countries. Cravath is representing Amentum in connection with the transaction.

The Cravath team is led by partners David J. Perkins, Maurio A. Fiore and Richard Hall and includes associates Richard E. Schwartz, Ryan S. Genkin, Trevor Lutzow and Benjamin B. Deutsch on M&A matters; partner Tatiana Lapushchik, of counsel Kimberly A. Grousset and associate Peter W. Kim on financing matters; partner Michael E. Mariani on capital markets matters; partners J. Leonard Teti II and Andrew T. Davis and associates Carlos Nicholas Obando and Christopher M. Winters on tax matters; partner Matthew J. Bobby and associates Jana I. Hymowitz and Molly E. Nichols on executive compensation and benefits matters; partner David J. Kappos and associates Carys J. Webb and Joanne Dynak on intellectual property matters; partner Margaret T. Segall and foreign associate attorney Jokin Beltran de Lubiano on antitrust matters; partner Michael L. Arnold on corporate governance matters; senior attorney Annmarie M. Terraciano and associate Star S. Gulant on environmental matters; and senior attorney Joyce Law and practice area attorneys Brian M. Budnick and Lauren Piechocki on real estate matters. Yeana Lee and Penina Su also worked on M&A matters and Oscar Porter also worked on executive compensation and benefits matters.