Maximus to acquire Agile Defense for $660 million
TYSONS, Va., Oct. 19, 2026. Maximus (NYSE: MMS) has entered into a definitive agreement to acquire Agile Defense, LLC and certain of its affiliates for a cash purchase price of $660 million. The payment is subject to customary adjustments and includes potential additional contingent consideration tied to the achievement of specific performance objectives. The transaction is expected to close in the first quarter of Maximus’ 2027 fiscal year, pending regulatory approvals and other customary closing conditions.
TYSONS, Va., Oct. 19, 2026. Maximus (NYSE: MMS) has entered into a definitive agreement to acquire Agile Defense, LLC and certain of its affiliates for a cash purchase price of $660 million. The payment is subject to customary adjustments and includes potential additional contingent consideration tied to the achievement of specific performance objectives. The transaction is expected to close in the first quarter of Maximus’ 2027 fiscal year, pending regulatory approvals and other customary closing conditions.
Maximus, a provider of AI and tech-enabled government services, stated that the acquisition aligns with its strategic priority to expand its presence in defense and national security markets. The company indicated that Agile Defense brings specialized capabilities in cybersecurity, digital transformation, data analytics, and artificial intelligence. Maximus expects these additions to increase its opportunities in technology-intensive federal missions where spending growth is anticipated to be durable. The acquisition is also designed to leverage Maximus’ existing scale and operational expertise in managing workloads across FedRamp, CMMC, and rapid-experimentation environments.
Bruce Caswell, President and Chief Executive Officer of Maximus, stated that the partnership combines Maximus’ focus on technology-enabled services with Agile Defense’ expertise in complex government missions. He said the combined entity plans to deliver secure, purpose-built solutions for the Departments of War, Homeland Security, and other national security agencies. Rick Wagner, Chief Executive Officer of Agile Defense, said the merger combines Agile Defense’ expertise in data analytics, AI, and cybersecurity with Maximus’ operational reach. He stated that the combination will accelerate the delivery of innovative solutions for government customers.
Agile Defense, founded in 1998 and based in McLean, Virginia, serves more than 50 federal government agencies. The company employs approximately 1,100 cleared personnel and maintains established relationships within the defense and intelligence communities. Agile Labs, described as Agile Defense’ innovation engine, is expected to expand Maximus’ technology capabilities through applied research and development. Agile Defense is backed by Enlightenment Capital, a private investment firm focused on the Aerospace, Defense, Government & Technology sector.
Holland & Knight served as legal counsel to Maximus, while Ernst & Young acted as its accounting and due diligence advisor. Piper Sandler served as financial advisor to Agile Defense, with Moore & VanAllen providing legal counsel and RSM US serving as accounting advisor. Maximus will host a public conference call on October 20, 2026, at 9:00 a.m. ET to discuss the transaction further. The call is available by webcast or by phone at 877.407.8289 for domestic callers and +1.201.689.8341 for international callers.