M&A Deal Summary

Astrion Acquires Axient

On July 24, 2024, Astrion acquired defense company Axient from Sagewind Capital

Acquisition Highlights
  • This is Astrion’s 1st transaction in the Defense sector.
  • This is Astrion’s 2nd transaction in the United States.
  • This is Astrion’s 1st transaction in Alabama.

M&A Deal Summary
Date 2024-07-24
Target Axient
Sector Defense
Buyer(s) Astrion
Sellers(s) Sagewind Capital
Deal Type Add-on Acquisition
Advisor(s) KippsDeSanto & Co.
Stone Key Partners LLC (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison
Morrison & Foerster (Legal)

Target

Axient

Huntsville, Alabama, United States
Axient is a provider of high-end engineering and management support services for mission-critical programs within key federal defense agencies responsible for maintaining technological superiority. Axient offers a comprehensive suite of advanced capabilities focused on systems engineering, cybersecurity, test & evaluation, threat modeling and simulation, and program management for key defense end-markets such as civil space, hypersonics, counter unmanned aerial systems (“C-UAS”), and human spaceflight for the Army, Air Force, NASA, and various other defense agencies. Axient was founded in 1991 and is based in Huntsville, Alabama.

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Buyer(S) 1

Buyer

Astrion

Burlington, Massachusetts, United States
Category Company
Sector Information Technology
Employees2,200
DESCRIPTION

Astrion is a provider of cutting-edge services that boost preparedness, optimize performance, and ensure mission success. The company’s experience and passion are evident with each engagement, with deep expertise in cybersecurity, digital solutions, mission support, and systems engineering, Astrion delivers Results with Impact. Astrion is based in Burlington, Massachusetts.

DEAL STATS #
Overall 2 of 2
Sector (Defense) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Alabama) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-01 Oasis Systems

Lexington, Massachusetts, United States

Oasis Systems is a provider of Information Technology, Systems Engineering, Enterprise Applications and Program Management Services to the Department of Defense. Oasis Systems is based in Lexington, Massachusetts.

Buy -

Seller(S) 1

SELLER

Sagewind Capital

Investor Investor Investor

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Agnostic
DESCRIPTION

Sagewind Capital is a private equity firm focused on control and co-control investments in companies that have strong management teams in the government, defense, IT, software, business services, and healthcare services. The Firm looks to invest long-term (7 to 10 years) and generally pursues profitable companies with $20 to $250 million of revenue. Sagewind Capital was established in 2015 and is headquartered in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Defense) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alabama) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 Tria Federal

Arlington, Virginia, United States

Tria Federal is a management consulting firm that provides a broad array of consultative services to both public and private sector organizations. With the mission to work collaboratively with clients, it utilizes best practices and subject matter expertise to solve critical management problems and achieve organizational success. Tria Federal was founded in 2017 and is based in Arlington, Virginia.

Buy -
Mergr

Product

Company

Legal