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WESTPORT, Conn. and SANTA ANA, Calif. and FALLS CHURCH, Va., June 21, 2023 /PRNewswire/ — Anser Advisory (“Anser” or the “Firm”), a number one advisory and administration firm for infrastructure tasks in america and a portfolio firm of Sterling Funding Companions (“Sterling”), a number one center market non-public fairness agency investing in distribution and enterprise providers firms, immediately introduced the deliberate sale of Anser to Accenture (NYSE: ACN) and the concurrent spinoff of Markon, Anser’s federal consulting enterprise. Going ahead, Markon will stay a Sterling portfolio firm.
Anser’s providers span advisory, compliance, and administration providers. House owners of capital tasks interact Anser to advise them on easy methods to construction, estimate and plan tasks, to watch the work being finished, and to help them in managing and executing all phases of tasks. The Firm works hand in hand with a number of the nation’s most prestigious private and non-private house owners from preliminary technique and planning to challenge hand-over. More and more, purchasers are participating Anser to assist advance decarbonization and clear vitality tasks in sectors together with vitality transmission, distribution and storage, sustainability packages and fleet electrification.
Markon focuses on consulting providers to federal purchasers and leverages deep subject material experience throughout enterprise know-how administration, monetary administration, and program and development administration. Markon will proceed to construct on the staff’s significant expertise in offering mission-critical assist for a wide range of federal companies. Ray Carney, presently Chief Supply Officer of Markon, will turn into its Chief Govt Officer. Matthew Dean, who based Markon earlier than becoming a member of Anser as its Chief Working Officer, will function Chairman.
Bryan Carruthers, Chief Govt Officer of Anser, mentioned, “We’re thrilled to embark on this new chapter with Accenture. In partnership with Sterling, we constructed a number one capital program and challenge administration advisory agency, establishing ourselves as a trusted advisor to house owners of crucial infrastructure and growing a observe document of constant execution on large-scale infrastructure tasks. We want our Federally targeted colleagues continued success as a stand-alone enterprise. We’re extremely appreciative of Sterling’s partnership and grateful for his or her assist as we now have constructed the Anser platform collectively.”
Invoice Macey, Managing Companion and Co-Founding father of Sterling, mentioned, “We’re very happy with our partnership with Anser and its administration staff and are excited for the alternatives that Anser, its administration, and its staff could have as a part of Accenture. We’re additionally excited for the chance to proceed to construct Markon, a company with a demonstrated observe document of success and innovation, in partnership with administration.”
James Soldano, Companion at Sterling, added, “Throughout our partnership with Anser, we now have constructed a dynamically rising and industry-leading platform by way of a mix of profitable natural and M&A initiatives, and we consider the Firm may be very nicely positioned for ongoing success with Accenture. We stay up for our continued partnership with Markon’s proficient administration staff as they proceed to construct a market-leading platform devoted to offering crucial consulting providers to the federal sector.”
Ray Carney, future Chief Govt Officer of Markon, mentioned, “We’re thrilled to launch Markon’s subsequent chapter and are honored to be working alongside such a proficient and skilled staff. We stay deeply dedicated to assembly the evolving wants of our purchasers by way of progressive options that assist nationwide safety. Sterling’s continued partnership will allow us to ship on these commitments as we proceed our group’s progress within the years to return.”
Houlihan Lokey served as monetary advisor to Anser, AEC Advisors offered monetary advisory providers in reference to the spinoff of Markon, and EFCG served as integration advisor to Anser in reference to its sale to Accenture. Dechert LLP served as authorized adviser to Anser and Sterling.
About Sterling Funding Companions
Sterling Funding Companions is a personal fairness agency investing in and constructing middle-market firms for over 30 years with a extremely skilled, cohesive staff of senior funding professionals. Sterling focuses on value-added distribution and enterprise providers, buying companies that the agency believes have sturdy, sustainable aggressive benefits and vital alternatives for worth creation. Over its historical past, Sterling has accomplished over 220 transactions, representing roughly $28 billion in combination worth. www.sterlinglp.com.
Media Contacts
For Markon:
Juliana Lee
[email protected]
For Sterling Funding Companions:
David Kahn
Senior Managing Director, Enterprise Improvement
[email protected]
SOURCE Sterling Funding Companions
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