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The Carlyle Group, which is a private equity firm, made a $2.5B investment in Booz Allen Hamilton. They essentially became part owners of the government consulting company. In return, they obtained three seats on the board of directors for the company. Booz Allen itself will continue to hold three seats themselves.
Initially I had some concerns over the split. However I am finding that this really does not impact my day to day work here in the company. All of my benefits seemed to have remained the same. In fact, I previously had little to no contact with the commercial management consulting part of Booz Allen. I do not expect I shall have interaction with them in the future either. I guess the change was more of an ownership issue. As I am not a part owner in the company (you need to rise very high in the chain for that to happen), the split was a non-event for myself.