Lehman Brothers Collection - Contemporary Business Archives

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Lehman Brothers Collection

Twentieth-Century Business Archives

Booz, Allen & Hamilton, Inc. - Lehman Brothers Collection

Booz, Allen & Hamilton, Inc.

List of Deals

Edwin Booz founded a statistical analysis firm in Chicago in 1914. Booz left the firm to serve in the army during World War I and returned to the firm upon arriving home. At the time of Booz's return, the firm was renamed Edwin Booz Surveys. In 1925 Booz hired his first full-time assistant, George Fry, and in 1929 he hired a second, James Allen.

By 1929 the company had a long client roster, including the Chicago Tribune, U.S. Gypsum, and Montgomery Ward. Carl Hamilton joined the firm in 1935, and it was renamed Booz, Fry, Allen & Hamilton.

The firm continued to thrive through the 1930s. World War II brought about an increase in the amount of government and military contracts on which the firm worked. Fry opposed this trend and left the firm in 1942. The firm then became Booz, Allen & Hamilton. The firm's postwar clients included RCA, Johnson Wax, and the U.S. Air Force.

In 1955 the firm formed a company for technical and government consulting called Booz, Allen Applied Research, Inc. (BAARINC). BAARINC provided consulting services for missile and weaponry work, as well as for NASA. At the end of the 1950s, Time dubbed the company "the world's largest, most prestigious management consultant firm."

Booz, Allen & Hamilton was incorporated in 1962. The firm was called upon to provide consulting services for the merger of the National Football League and American Football League in 1967. As of 1970, when the company went public, the firm was consulting for such diverse fields as management, science, technology, computer applications, product and process development, and chemical and biological research. Staff employed by Booz, Allen & Hamilton held advanced degrees in a variety of disciplines, such as economics, business, engineering, chemistry, physics, mathematics, biology, pharmacology, medicine, and public, educational, and hospital administration. Consulting services provided by the company included computer systems design, installation, and operation; clerical methods and procedures; facilities layout, maintenance management, project management, and other industrial engineering services; physical distribution; executive training; acquisition and divestiture assistance; and objectives, policies, basic strategy, organization, development, and utilization of executive manpower for management.

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