Stout announced today that its client, the ASEC Family of Companies (ASEC), has been acquired by Markon Solutions, a portfolio company of Sterling Partners. Stout served as exclusive financial advisor to ASEC in connection with this transaction.

Jeff Wallace, ASEC President and CEO, emphasized the partnership’s significance, saying, “ASEC’s alliance with Markon fulfills our long-standing quest to partner with a company that mirrors our commitment to our client missions and the professional development of our people. Together, we will optimize operations and expand technical support for the good of our clients. This partnership brings clear synergy, with shared contracts and resources in the intelligence sector bolstering our collective capabilities and competitive advantages.”

Regarding Stout’s advisory, Jeff added, “I couldn’t have asked for better advisors than the Stout ADGS team. They played a crucial role in finding an acquirer who would not only elevate ASEC to the next level but also provide a great home for ASEC’s employees. Stout consistently proved their worth throughout the entire process.”

“There are few business leaders in the Intelligence Community as inspiring as Jeff, and it has been remarkable to watch him grow ASEC over the last several decades,” said Stout Managing Director Cameron Hamilton, who led the execution of the transaction. “I’m pleased we were able to find a great partner for ASEC in Markon, which will provide even greater solutions and capabilities to its customers while prioritizing its employees.”

ASEC was founded in 1992 to provide U.S. Government customers with systems engineering, technical, and programming support services. Focusing on a few core principles and competencies – with highly talented and experienced people – the company has consistently grown organically in a steady manner that continues to attract high-quality talent and experience by word of mouth and referrals. As the employer of choice engaged in long-term, high-caliber strategic consulting work, ASEC focuses on critical enterprise architecture and strategic planning to support mission success for the Intelligence Community.

Markon is a national consulting firm with a federal government focus, specializing in enterprise technology, financial, and program and construction management for the Intelligence Community and civilian and defense agencies. Markon helps solve the nation’s most critical challenges with expertise, resilience, and an award-winning culture. Markon is consistently featured on the Energage Top Workplaces USA list, celebrating its 10th consecutive year of recognition.

Markon’s financial sponsor, Sterling Investment Partners, is a private equity firm that has been investing in and building leading middle-market companies for over 30 years with a highly experienced, cohesive team of senior investment professionals. Sterling focuses on value-added distribution and business services, acquiring businesses that the firm believes have strong, sustainable competitive advantages and significant opportunities for value creation. Over its history, Sterling has completed over 230 transactions, representing approximately $30 billion in aggregate value.

Ray Carney, CEO of Markon, expressed enthusiasm about the union, stating, “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. 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.”

Markon’s Chief Corporate Development Officer, Drew Thompson, noted, “This partnership signifies the expansion of our team and a fusion of like-minded cultures dedicated to client success. With this acquisition, Markon elevates our industry-leading service offerings to provide even greater support to our clients’ critical missions. We look forward to forging ahead with renewed vigor and unwavering commitment.”

Stout’s Alexander Wilson and Eric Fahmi assisted in executing the transaction.

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