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ASRC Federal Acquires Mission Solutions Engineering

GREENBELT, Md.--(BUSINESS WIRE)--ASRC Federal Holding Company today announced that it has entered into a definitive agreement with CSC to acquire Mission Solutions Engineering, a manager-managed limited liability company. MSE is a full-service systems and software engineering provider with expertise in engineering complex and large-scale systems and incorporating open source technology. Headquartered in Crystal City, Va., with operations in Moorestown, N.J., MSE has over 500 employees supporting defense customers such as the Missile Defense Agency and U.S. Navy.

"MSE brings a reputation for excellence and employees who have a passion for delivering solutions to customers to help them meet mission requirements"

MSE will function as a subsidiary of ASRC Federal and maintain its current organizational structure. MSE will gain the support of ASRC Federal's shared services operations to help continue to meet the needs of current customers and help posture for continued growth. MSE President Tim Caswell will continue to guide the company's strategic direction and Chief Operating Officer Mike Knowles will continue managing daily operations in Moorestown.

"MSE brings a reputation for excellence and employees who have a passion for delivering solutions to customers to help them meet mission requirements," said Carl Werner, ASRC Federal president and chief executive officer. "MSE is an excellent fit in terms of company culture, leadership and high ethical standards. The acquisition of MSE continues to help diversify the capabilities and market presence within our family of companies."

The transaction is expected to close in approximately 60 days and is subject to customary closing conditions. Financial terms have not been disclosed.

ASRC Federal Holding Company is a financially strong organization with multiple subsidiaries that provide services to federal government agencies. ASRC Federal is committed to ensuring its subsidiaries provide innovative, cost-competitive solutions. Headquartered in Greenbelt, Md., ASRC Federal is a subsidiary of Arctic Slope Regional Corporation. For more information about ASRC Federal and its subsidiaries, please visit: http://www.asrcfederal.com

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