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Sterling-Backed Markon Acquires ASEC to Further Advance Government Missions; Ray Carney Quoted

Markon, a Sterling Investment Partners-backed management consultancy focused on supporting federal government missions, has acquired ASEC in a transaction that expands its capabilities to support the missions of Department of Defense and Intelligence Community agency clients.

Markon will operate ASEC as an independent subsidiary until it integrates the latter in 2025, according to a blog post published Friday on the consulting firm’s website.

Founded in 1992, ASEC is a woman-owned small business supports federal government and IC missions by providing services across management, systems engineering, finance, cybersecurity and software development areas.

“We’re thrilled to welcome ASEC. This partnership brings together two organizations with shared values, culture, and exceptional talent, deeply dedicated to the important government missions we serve and the enrichment and well-being of our employees,” said Markon CEO Ray Carney.

“This collaboration will deliver even greater value to our clients by leveraging broader and deeper expertise. We embark on this journey with a steadfast commitment to serving our clients with unmatched dedication,” added Carney.

Stout Risius Ross provided financial advisory services for the transaction. Morrison & Foerster and Foley & Lardner offered buy-side and sell-side legal advisory support, respectively.

In August 2023, Markon separated from its parent company, Anser Advisory, to pursue management consulting and professional support opportunities in the federal market.

Carney transitioned from the chief delivery officer role to the chief executive position at Markon as part of the move.

The spinoff coincided with Accenture’s (NYSE: ACN) acquisition of Anser Advisory.

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