The split of the McLean, Va., company has paved the way for the pairing of two of the region's biggest private businesses, The Washington Post reported Saturday.
Booz Allen employs 13,000 people and is a top provider of services to the federal government. Carlyle, headquartered in Washington, is a global private equity investment firm with $81.1 billion under its supervision, the Post said.
"Continuing to operate their business as they have will generate a level of growth that will get us the increase in value we're hoping to achieve," said Peter Clare, Carlyle managing director.
Booz Allen had been considering a major reformation for at least two years before announcing the split, the Post said.
Benedict Cumberbatch's dramatic reading of R. Kelly lyrics is just what you need
Gal Gadot cast as Wonder Woman for 'Batman vs. Superman'