Author: Jane Edwards|| Date Published: July 25, 2024
Astrion, a portfolio company of Brightstar Capital Partners, has agreed to acquire Axient for an undisclosed sum to expand its capabilities and presence in the defense and federal civilian market.
Astrion said Wednesday it expects the acquisition to conclude in the third quarter of 2024, subject to government and regulatory clearances and other customary closing conditions.
Axient provides advanced technologies, mission engineering and operations and multidomain test and analysis services to support the missions of defense and federal civilian agency customers.
“Axient’s specialized capabilities, talented employees and robust customer base make it a highly complementary fit with Astrion,” said Astrion CEO Dave Zolet.
“Together, we will deliver elevated solutions for military and civilian agencies, delivering Results with Impact to critical global challenges,” added Zolet, a four-time Wash100 awardee.
JPMorgan Securities and Jefferies serve as financial advisers to Astrion and Kirkland & Ellis acts as the company’s legal counsel in the transaction.
KippsDeSanto & Co. and Stone Key Partners advise Axient on the deal’s financial aspect, while Paul, Weiss, Rifkind, Wharton & Garrison and Morrison & Foerster serve as legal advisers.
Astrion launched in December through the merger of Oasis Systems and ERC to help address cybersecurity, mission support, systems engineering and digital challenges facing defense, space and civilian government agencies.
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