Management Science & Innovation Acquires Ascolta

Cherokee Nation Businesses (Cherokee Federal / Sovereign Capital) Acquires Majority Stake in Management Science & Innovation (MSI)

September 2, 2025

Government & Public Sector

Cherokee Nation Businesses, through its federal contracting division Cherokee Federal and growth vehicle Sovereign Capital, has acquired a majority stake in Management Science and Innovation, LLC (MSI), a Washington, D.C.-area consulting firm focused on federal agency transformation and digital modernization. The investment is part of Sovereign Capital’s strategy to provide growth capital and strategic support to founder-led companies serving the federal government and will help MSI scale its capabilities and reach.

Sentient Digital Acquires Maritime Surveillance Associates

January 13, 2025

Aerospace & Defense

Sentient Digital, Inc. (SDi) has acquired Maritime Surveillance Associates, Inc. (MSA), a developer of signal processing and mission reconstruction software for the U.S. Navy. The acquisition expands SDi's sonar and acoustics capabilities and supports its push into cloud-based advanced analytics, maritime security, and Foreign Military Sales (FMS).

DL Capital Partners and Center Element Capital Acquire Management Science & Innovation (MSI)

January 18, 2022

IT Services

DL Capital Partners partnered with Center Element Capital (led by Daniel Heckman) and other U.S. investors to acquire Management Science & Innovation (MSI), a Washington, D.C.‑area provider of strategy, technology and intelligent automation services to federal and commercial clients. Daniel Heckman was named MSI's CEO as the investors pursue growth in the rapidly expanding RPA and intelligent automation market.

Advanced Mission Solutions Acquires Innovative Management & Technology Services (IMTS)

November 15, 2021

IT Services

Advanced Mission Solutions, LLC (AMS) has acquired Innovative Management & Technology Services, LLC (IMTS). IMTS is a federal IT services provider with a long history of supporting the FBI and law enforcement; the acquisition is intended to combine complementary capabilities and accelerate growth in the federal/law-enforcement IT services market. Excendio Advisors advised IMTS on the transaction.

Anser Advisory Acquires Ascent

September 2, 2020

Engineering Services

Anser Advisory, a portfolio company of RTC Partners, has acquired Ascent, a 30-employee capital program delivery and project management consultancy headquartered in Chicago, Illinois. The acquisition expands Anser's capabilities and geographic coverage across healthcare, transportation and education markets and brings Ascent's program controls and finance consulting expertise into Anser's national platform.

ACS Group Acquires The Ascent Services Group

December 1, 2019

Staffing & HR

ACS Group (formerly American Cybersystems) acquired The Ascent Services Group, a national IT and life sciences consulting and staffing firm, in a transaction that closed in December 2019. The acquisition — from Ascent's financial sponsor Sycamore Hill Capital Partners — expands ACS Group's geographic footprint and strengthens its IT and life-sciences staffing capabilities as ACS pushes toward the $1 billion revenue milestone.