Larry Davis was quoted on October 29, 2014 in the Washington Technology article, "Engility-TASC Deal Gets a Warm Welcome." Engility’s planned $1.1 billion acquisition of TASC is a hit for those on Wall Street, where Engility’s stock went up nearly 12 percent following the news that the company had signed an agreement to buy TASC from General Atlantic and Kohlberg Kravis Roberts & Co., its private equity owners.
Larry provides his opinion on this transaction. He believes, "It’s obvious the TASC investment did not work out for them. This transaction combined with continued strong execution by the Engility management team can still provide KKR/GA with a successful outcome. Another plus is that KKR and General Atlantic are known as strategic and patient investors. As significant owners of the business, they will be highly motivated to enhance shareholder value."