Markon acquires ASEC, strengthens U.S. gov’t services portfolio
VIRGINIA, UNITED STATES — Government consulting firm Markon has acquired Advanced Systems Engineering Corp. (ASEC), a fellow professional services provider. Financial terms of the deal were not disclosed.
The move aims to enhance Markon’s capabilities in serving the U.S. Intelligence Community and Department of Defense.
The acquisition, backed by Sterling Investment Partners, underscores Markon’s commitment to expanding its influence in the federal sector.
The deal also comes one year after Markon’s separation from Anser Advisory, which was acquired by outsourcing giant Accenture. At the time of the separation, Markon had a workforce of 280 employees focused on federal contracting.
Enhancing Markon’s intelligence and defense capabilities
Ray Carney, CEO of Markon, expressed enthusiasm about the merger, stating, “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.”
Markon is a federal government professional services firm known for its enterprise technology, financial, and program management services. It operates across 17 states, 116 countries, and 5 continents.
The addition of ASEC, a woman-owned small business founded in 1992, brings 30 years of experience in systems engineering, cybersecurity, and software development to Markon’s portfolio.
“This collaboration will deliver even greater value to our clients by leveraging broader and deeper expertise,” Carney added.
Strategic integration and future plans
The acquisition is set to create significant synergies, with both companies sharing contracts and resources in the Intelligence sector.
ASEC will initially operate as an independent subsidiary, with full integration planned for 2025.
“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,” said Jeff Wallace, ASEC President and CEO.
“This partnership brings clear synergy, with shared contracts and resources in the Intelligence sector bolstering our collective capabilities and competitive advantages.”
