Astrion, a Brightstar Capital Partners Portfolio Company, to Acquire Axient
2024年7月25日 - 1:00AM
ビジネスワイヤ(英語)
Strategic Combination Aims to Set a New
Standard in Innovation and Customer Value
Astrion, a leading provider of mission support and advanced
engineering services, announced today that it has signed a
definitive agreement to acquire Axient, a highly regarded provider
of specialized engineering solutions. Astrion is a portfolio
company of Brightstar Capital Partners (Brightstar), a middle
market private equity firm.
Astrion is a partner for progress, providing cutting-edge
services that boost preparedness, optimize performance, and ensure
mission success for defense and federal agencies, including the
Army, Air Force, Civilian Agencies, Navy and Space. Axient is a
systems integrator advancing defense and civil missions from
aerospace to cyberspace with multi-domain test and analysis,
mission engineering and operations, and advanced technologies.
This strategic acquisition positions Astrion to significantly
enhance its capabilities, increase opportunities for the combined
employee base, expand its market presence, and deliver greater
value to its customers.
"At Astrion, our mission extends beyond today. We are committed
to the extraordinary and making our nation more resilient for
future generations. Axient's specialized capabilities, talented
employees and robust customer base make it a highly complementary
fit with Astrion," said Dave Zolet, CEO of Astrion. "Together, we
will deliver elevated solutions for military and civilian agencies,
delivering Results with Impact to critical global challenges."
"We believe this combination strengthens and expands the
collective capabilities and services portfolio, and at a scale that
creates advantages for our customers and stakeholders," commented
Michael Singer, Partner at Brightstar. "We look forward to
welcoming the expert Axient team and supporting Astrion’s continued
investment in customer innovation and mission delivery."
"We are excited to join the Astrion team. Our shared commitment
to customer success and innovation will allow us to deliver more
comprehensive, innovative solutions for our customers'
mission-critical challenges," said Randy Cash, President & CEO
of Axient.
The transaction is expected to close in the third quarter of
2024, subject to customary closing conditions, regulatory and
government approvals.
JPMorgan Securities LLC and Jefferies LLC are serving as
financial advisors, and Kirkland & Ellis LLP is serving as
legal counsel to Astrion. KippsDeSanto & Co. and Stone Key
Partners LLC are serving as financial advisors and Paul, Weiss,
Rifkind, Wharton & Garrison LLP and Morrison & Foerster LLP
are serving as legal counsel to Axient.
About Astrion
Astrion delivers the difference that empowers our customers and
nation to take on what’s next. Astrion stands as a partner for
progress, providing cutting-edge services that boost preparedness,
optimize performance, and ensure mission success. Astrion embraces
a forward-thinking spirit to tackle critical challenges across
cybersecurity, digital solutions, mission support, science &
engineering, and test & evaluation to support the Air Force,
Army, Civilian Agencies, Navy, and Space. For more information,
please visit https://astrion.us/.
About Axient
Axient advances defense and civilian missions from aerospace to
cyberspace with multi-domain test and analysis, mission engineering
and operations, and advanced technologies. We partner with our
customers to identify and analyze their most important challenges
and design solutions that turn challenges into breakthroughs to
accelerate assured performance. With extensive domain expertise in
defense and aerospace, we rapidly develop mission-enabling
technologies that allow customers to move at mission speed. To
learn more about how Axient can accelerate possible for your
organization, visit www.axientcorp.com.
About Brightstar Capital Partners
Brightstar Capital Partners is a middle market private equity
firm focused on investing in industrial, manufacturing, and
services businesses where Brightstar believes it can drive
significant value with respect to the management, operations, and
strategic direction of the business. Brightstar employs an
operationally intensive “Us & Us” approach that leverages its
extensive experience and relationship network to help companies
reach their full potential. For more information, please visit
www.brightstarcp.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240724907217/en/
Contact for Astrion: astrion@rhstrategic.com