MCLEAN, Va. (AP) - Privately held consulting firm Booz Allen Hamilton said Friday it plans to sell a majority stake in its U.S. government business to private equity firm Carlyle Group for $2.54 billion, and spin off its commercial business into...

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The deal pairs two of the largest private companies in the region. Booz Allen, based in McLean, has 13,000 local employees and is one of the government's largest providers of services. Carlyle, based in the District, has $81.1 billion under...
Booz Allen, a government and corporate consulting firm, will split its business in two and sell a stake in its government advisory branch to Carlyle Group, the Washington-based private equity firm known for hiring high-profile ex-government...
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