Author: Jane Edwards|| Date Published: September 6, 2024
Astrion, a portfolio company of private equity firm Brightstar Capital Partners, has finalized its purchase of Axient in a transaction that expands its capabilities aimed at helping defense and civilian agencies address critical challenges across systems engineering, digital, mission support and cybersecurity areas.
In a statement published Thursday, Astrion CEO Dave Zolet said the federal government mission support and engineering services provider is excited to welcome Axient’s talented team.
“The dedication and expertise of our combined workforce are fundamental to our success and mission to Be the Difference. Together, we will leverage our collective strengths to drive innovation and deliver results with impact for our customers,” added Zolet, a four-time Wash100 awardee.
Astrion, which officially launched in December 2023 following the merger of Oasis Systems and ERC, first announced the transaction in July.
KippsDeSanto & Co. and Stone Key Partners acted as exclusive financial advisers to Sagewind Capital and its portfolio company Axient. Paul, Weiss, Rifkind, Wharton & Garrison and Morrison & Foerster LLP served as legal advisers.
JPMorgan Securities and Jefferies served as financial advisers to Astrion and Brighstar, and Kirkland & Ellis served as legal counsel in the transaction.
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