Monday, August 4, 2008

Carlyle Downs Booz

In a $2.54 billion swig, The Carlyle Group swallowed the government consulting and services arm of Booz, Allen, Hamilton. The private equity underwriter's press release stated:

“We look forward to supporting Ralph Shrader and his management team as we enter this new and important phase of Booz Allen’s leadership in the government services sector.”

Translation: Carlyle already has hundreds of affiliates, many firmly attached to the tit of the American government-industrial monstrosity (Eisenhower's military-industrial complex on steroids). Booz can increase the flow with their consulting recommendations. Pass the bottles, there's much to celebrate!