Ray Carney, chief delivery officer of Markon, will transition to the CEO role and Matthew Dean, founder of Markon and a top executive at Anser Advisory, will serve as chairman of the independent company, Markon said Wednesday.
“Our commitment to supporting client missions and advancing national security is unwavering, and I am confident that our collective expertise will enable us to deliver innovative solutions that meet the evolving needs of our clients,” said Carney.
Markon will continue to operate as a portfolio company of Sterling Investment Partners with about 280 employees focused on providing program and construction management, systems engineering and financial management consulting support for the Department of Defense, Intelligence Community and federal civilian agencies.
The planned spinoff comes as Accenture (NYSE: ACN) moves to acquire Anser Advisory to broaden its capital project capabilities in support of infrastructure projects of state and local public sector clients in North America.
Houlihan Lokey acted as Anser’s financial adviser and AEC Advisors offered financial advisory support in line with the Markon spinoff. EFCG served as Anser’s integration adviser in relation to the transaction with Accenture.
Dechert acted as legal adviser to Anser and Sterling.