Huntington Ingalls Industries, Inc. (NYSE:HII) acquired The S.M. Stoller Corporation from Capital Partners, Inc. and other shareholders for $53.7 million on January 2, 2014. The consideration may increase or decrease subject to a net working capital adjustment. An aggregate of $7.7 million of the purchase price was placed into escrow to satisfy potential indemnification obligations of Stoller. The escrowed funds will be released in varying amounts periodically over 45 months following the closing date. Huntington funded the acquisition with cash on hand. Stoller will be a wholly owned subsidiary of HII and will operate under its Newport News Shipbuilding division.


Huntington Ingalls Industries, Inc. (NYSE:HII) completed the acquisition of The S.M. Stoller Corporation from Capital Partners, Inc. and other shareholders on January 2, 2014.