Astrion, a leading provider of mission support and advanced engineering services to the U.S. government, announced the completion of its acquisition of Axient, a highly regarded provider of specialized engineering and solutions. Astrion is a portfolio company of Brightstar Capital Partners (“Brightstar”), a middle-market private equity firm.
The acquisition enhances Astrion’s suite of services, addressing critical challenges across cybersecurity, mission support, systems engineering, and digital solutions. Customers can expect more robust and versatile solutions designed to meet the dynamic needs of today’s global environment.
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“We are thrilled to welcome Axient’s talented team to Astrion,” said Dave Zolet, CEO of Astrion. “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.”
“We are excited about the value and benefits of scale this acquisition will create for Astrion and its customers,” said Michael Singer, Partner at Brightstar. “We believe Astrion is positioned to drive substantial growth and deliver exceptional outcomes for its customers across the federal government.”
The transaction was announced on July 24, 2024. JP Morgan Securities LLC and Jefferies LLC served as financial advisors to Astrion and Brightstar Capital partners, and Kirkland & Ellis LLP served as legal counsel. KippsDeSanto & Co. and Stone Key Partners LLC served as exclusive financial advisors to Axient and Sagewind Capital, and Paul, Weiss, Rifkind, Wharton & Garrison LLP and Morrison & Foerster LLP served as legal counsel.
SOURCE: Businesswire