MorganFranklin Completes Divestiture of National Security Solutions Business to SRA International
MorganFranklin to focus on increased demand for management consulting and related advisory services in the US and UK.
McLean, Virginia – December 17, 2012
MorganFranklin Corporation, recognized as one of the top business consulting and technology solutions providers in the country, today announced the closing of its agreement to divest the assets of its national security solutions business unit to SRA International, Inc. Houlihan Lokey, an advisory-focused investment bank, and the law firm Stradley Ronon Stevens & Young LLP advised MorganFranklin on the transaction.
The divestiture is part of the company's strategic efforts to focus on growth in its core business and management consulting business.
"Our customers and employees associated with the divestiture are in good hands with SRA," said Robert Morgan, Chief Executive Officer and co-founder of MorganFranklin. "What I am most excited about is the future of MorganFranklin. We are focusing all energy and investment toward business consulting and expanding our financial management, performance improvement, and technology services to both commercial and government clients."
Since its founding in 1998, MorganFranklin has earned numerous awards for its consulting business, including recent recognition by Consulting magazine as one of the top consulting firms in the nation in 2012. The firm's consultants are frequently cited as experts in the areas of financial reporting, initial public offering (IPO) preparation, finance transformation, internal controls, business process re-engineering, enterprise IT strategy, data management, and related business transformation services.
"MorganFranklin will continue to hire top talent, invest in the market, and grow our reputation by working hard to surpass client expectations," Morgan said.
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About MorganFranklin Consulting
MorganFranklin is a strategy and execution-focused business consulting firm and professional advisor. The company provides strategic thinking and hands-on support to help public companies, fast-growing private companies, and government clients manage growth and maximize performance. The firm delivers strategy, accounting and transaction services, risk and compliance, and information management and technology solutions. MorganFranklin is headquartered in the Washington, D.C., area and has supported clients in North and South America, Europe, Asia, and the Middle East.
MorganFranklin Consulting is the brand name referring to the global organization of MorganFranklin, Inc. and its subsidiary MorganFranklin Consulting, LLC.