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New York: Private equity firm Carlyle Group is buying a majority stake in the US government business of Booz Allen Hamilton Inc for $2.54 billion, the management consulting technology firm said on Friday.
Under the deal, McLean, Virginia-based Booz Allen said it will split in two, separating its US government business from its global commercial businesses.
The commercial business will be a stand-alone company. The deal is expected to close in mid to late 2008.
Booz Allen sells management consulting, engineering, information technology and other services to the US government.
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