GREENBELT, Md.--(BUSINESS WIRE)--ASRC Federal Holding Company (ASRC Federal) today announced that it has entered into a definitive agreement to acquire Analytical Services, Inc. (ASI), an aerospace and defense firm based in Huntsville, Alabama.
ASI is a privately held small business providing management and technical solutions in the aerospace and defense marketplace. Headquartered in Huntsville, Alabama, with over 300 employees across the U.S., ASI will function as a subsidiary of ASRC Federal and remain classified as a small business. With the transaction, ASI will have access to a workforce of over 2,500 engineers, technicians and program support personnel. These gains will help continue to meet the needs of current customers and help posture for continued growth fueled by the recent Base Realignment and Closure (BRAC) decisions and greater demand for contractor services. ASI founder, Irma L. Tuder will continue as ASI’s board chair and set corporate strategic direction. ASI president and managing director, MG John W. Holly, (USA Ret.) will continue managing daily operations of the company.
Richard E. Ambrose, ASRC Federal chairman and chief executive officer stated, “The acquisition of ASI supports ASRC Federal’s strategy to expand its presence in markets positively influenced by the BRAC process. ASI was an excellent fit in terms of technical excellence, leadership, culture, markets and high ethical standards. Plans are to continue to position ASI as a premier company within the Huntsville aerospace and defense community and across the U.S., enhancing the company’s ability to provide high-end services for their existing and future customer base.”
Irma L. Tuder, ASI’s founder and chief executive officer stated, “We see significant strategic value in this acquisition, as it will complement our high-end management and technical services and combine talented resources to ensure leadership in the markets we serve. ASRC Federal’s goals and strong ethical values are closely similar to what our employees have grown accustomed to – that is to exceed customer expectations, and then some. We look forward to providing our customers with an expanded high level of service and added growth opportunities for our employees.”
ASI’s president and managing director, MG John W. Holly (USA Ret.) stated, “This is a great strategic move by both companies. I am excited that we will expand our capabilities and provide our customers with even greater levels of support that capitalizes on the strengths of both companies. I am proud of ASI and look forward to the many new opportunities presented in teaming with ASRC Federal.”
Based in Greenbelt, Maryland, ASRC Federal has a workforce of over 2,500 engineers, technicians and program support personnel. ASRC Federal is a subsidiary of Arctic Slope Regional Corporation, an Alaska Native Corporation. ASRC Federal and its subsidiaries perform work in fifteen service areas that include engineering, information technology, management and high technology research and development. Major customers include organizations from the Army, Air Force, NASA, Commerce, the Department of Homeland Security and the Department of Energy.
The transaction is expected to close in June and is subject to customary closing conditions. Financial terms have not been disclosed.
ASRC Federal Holding Company Background Information
ASRC Federal Holding Company, based in Greenbelt, Maryland, is a subsidiary of Arctic Slope Regional Corporation (ASRC) an Alaska Native Corporation. ASRC Federal and its subsidiaries provide services to government agencies and private industry in professional fields. ASRC Federal is located on the web at www.asrcfederal.com
Analytical Services, Inc. Background Information
Analytical Services, Inc. (ASI) is a nationally recognized woman-owned, small business providing technical and management solutions in the aerospace and defense marketplace. Headquartered in Huntsville, Alabama, with employee presence across the U.S., ASI is located on the web at www.asi-hsv.com