Government focused strategic consulting firm Avascent has acquired the satellite, space and telecommunications businesses of Futron Corporation.
The terms of the transaction were not disclosed.
Futron’s space and telecommunications team will now be…
Government focused strategic consulting firm Avascent has acquired the satellite, space and telecommunications businesses of Futron Corporation.
The terms of the transaction were not disclosed.
Futron’s space and telecommunications team will now be integrated into Avascent while the former’s databases and tools will become part of the Avascent Analytics suite of strategic planning and competitive assessment products.
Futron’s aerospace safety and risk management business will continue to operate separately under the name of Futron Aviation.
Headquartered in Washington DC, Avascent provides strategy and management consulting to companies and institutional investors operating in government-driven markets.
Its space team works across the satellite value chain from component developers to satellite operators. The company provides financial and strategic advice on new projects, government contracts and mergers and acquisitions.
Commenting on the transaction, Stephen Ganote, Avascent principal and head of the commercial space practice, told SatelliteFinance: “The acquisition solidifies our leading position in space and satellite advisory and M&A work. It extends Avascent’s capabilities in select commercial satellite markets, adds new client relationships, brings very knowledgeable staff and, importantly, adds Futron’s extensive satellite industry databases to our own Avascent Aerospace and Defense database – an area we have wanted to expand.
“We are also very pleased to bring in Futron’s reputation and relationships that they have built up over decades of work in the industry.”
Steve Irwin, Avascent’s president, added: “Futron has long been one of the most respected names in the space and satellite communications consulting world, and we’re excited to bring its capabilities into the Avascent fold.”
Avascent did not use any advisers on the deal.
