Reston firm acquires IT contractor Broadleaf
Reston firm acquires IT contractor Broadleaf
Katherine Schulte// April 24, 2023//
Reston-based ASRC Federal Holding Co. has acquired Manassas-based defense contractor Broadleaf Inc., ASRC announced Monday.
Financial details of the transaction were not disclosed.
Founded in 2009, Broadleaf is a U.S. Small Business Administration Certified Native Hawaiian Organization. The company provides information technology services and professional services. Broadleaf was No. 977 on the 2022 Inc. 5000 list of the U.S.’s fastest-growing privately held companies.
“Broadleaf is thrilled to join the ASRC Federal family,” Broadleaf President Vince Apesa said in a statement. “Our team is passionate about driving mission success for our customers, and we look forward to joining forces with the depth of resources and talent available at ASRC Federal to provide even greater value to those we serve.”
Nearly 600 Broadleaf employees will join ASRC Federal, and the acquisition adds Department of Defense and federal civilian customers to ASRC Federal’s portfolio.
“This acquisition strengthens and expands our presence within key [DOD] agencies while also providing growth opportunities with new customers,” ASRC Federal President and CEO Jennifer Felix said in a statement. “I know the high-performing team at Broadleaf will blend seamlessly with the ASRC Federal culture, and together we’ll continue to excel in the support of important customer missions.”
The Broadleaf acquisition follows a March announcement that ASRC Federal would buy Reston-based Science Applications International Corp.’s logistics and supply chain management business for $350 million in cash.
ASRC Federal is a federal government services subsidiary of Arctic Slope Regional Corp., an Alaska Native corporation. Its family of companies provides engineering, IT, infrastructure and professional services support. ASRC Federal has about 8,000 employees and operations across 44 states, districts and territories.
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