on Markon

Markon Strengthens Commitment to Government Missions With Acquisition of ASEC

Falls Church, VA – July 5, 2024 – Markon, a leading management consultancy supported by Sterling Investment Partners, has acquired ASEC. This strategic move highlights Markon's dedication to enhancing government missions, particularly in finance, program management, and systems engineering for federal agencies. ASEC will remain an independent subsidiary until 2025.

Ray Carney, CEO of Markon, welcomed the acquisition, noting the synergy in values and talent between the two firms. Jeff Wallace, CEO of ASEC, emphasized the benefits in operational support and technical capabilities, especially within the Intelligence sector.

ASEC, with a 30-year history in the Intelligence Community, brings expertise in management, finance, systems engineering, cybersecurity, and software development, aligning with Markon's core competencies. Drew Thompson, Markon's Chief Corporate Development Officer, sees this as a significant enhancement of their service offerings.

Financial advisory services were provided by Stout Risius Ross, LLC, and legal advisory services by Morrison & Foerster LLP and Foley & Lardner LLP.

R. P.

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