ARLINGTON, Va., Jan. 12 /PRNewswire/ -- Acquisition Solutions, Inc. (ASI), a company that serves only the federal government in the "trusted advisor" space, today announced the purchase of substantially all of the assets of ICOR Partners, LLC (ICOR). ICOR is a leading provider of strategy, transformation and business improvement consulting to government. With the transaction, ASI has formed a new business unit specializing in management solutions.
"We are thrilled to welcome ICOR's employees into the ASI family and to be able to offer our public sector clients a broader range of services and solutions," said Anne Reed, president and chief executive officer of ASI. "ICOR perfectly complements our expertise in acquisition, program management and knowledge management, and shares our commitment to avoiding the conflicts of interest faced by some firms. Together, we are poised to better serve as a trusted advisor to government program managers and C-suite clients, helping to improve mission performance and deliver results."
ICOR – dubbed "the McKinsey of the government" by Consulting Magazine – is a leading advisory firm with deep expertise in IT Enterprise Architecture (EA) and governance, business transformation, performance and portfolio management. Founded in 2002, the firm largely supports government civilian sector clients.
"We've always talked about ASI as a firm focused on the "Big A" of Acquisition – supporting not just procurement, but the holistic range of disciplines in the acquisition cycle, including systems engineering and architecture, mission and business planning, and program management," added Reed. "ICOR brings us deep capabilities in all three of these areas and we're very excited to have them on board."
"The alignment of the two firm's capabilities to the needs of our clients is by far the most exciting part of this deal," added ICOR founder Wayne Simmons, who will join ASI as president of the new ICOR Management Solutions business unit. "It will give our employees a chance to grow, and our customers the ability to benefit from a broader range of exciting approaches to improving mission performance and outcomes."
In 2008, Excellere Partners, a private equity firm based in Denver, Co., partnered with ASI to grow the firm into a platform company in the government's "trusted advisor" market space, providing a suite of value-added solutions to the federal government. This transaction is the first acquisition for the platform.
Under the terms of the deal, ASI has purchased all of the non-8(a) assets of ICOR Partners. The transaction, effective immediately, closed on Jan. 8, 2010.
About Acquisition Solutions
For more than a decade, Acquisition Solutions has served as a trusted advisor to government leaders seeking to improve mission performance, enhance organizational effectiveness and drive strategic change. The firm excels in identifying, developing and implementing innovative techniques and leading practices that enable organizations to deliver better acquisition and program outcomes. The company provides consulting, knowledge resources, and training to drive strategic change, enhance processes and performance, strengthen the workforce and improve acquisition life cycle management. Visit Acquisition Solutions online at www.acquisitionsolutions.com
About Excellere Partners
Excellere Partners is a Denver, Colorado-based, private equity investment firm that specializes in partnering with entrepreneurs and management teams to build best-in-class companies. Excellere supports its portfolio companies to accelerate internal growth and pursue selective add-on acquisitions. This strategy enhances the value proposition to customers while positioning the company for long-term growth. For more information regarding Excellere, please visit www.excellerepartners.com.
SOURCE Acquisition Solutions, Inc.