IT company acquires Marasco Newton Group, a firm with expertise in environmental cleanup
SRA International Inc., an information technology company, announced Dec.
7 that it has acquired Marasco Newton Group Ltd., a management-consulting
firm with expertise in environmental cleanup.
MNG provides information technology, management and environmental policy
solutions to federal and state governments. A key customer is the Environmental
Protection Agency, where MNG provides land reclamation consulting services
for the Brownfields and Superfund cleanup programs.
Renny DiPentima, president of consulting and systems integration at
SRA International, said the acquisition is intended to help SRA develop
customers in the state and local markets.
MNG "will provide the bridge to state and local markets," DiPentima
said. "This is where I wanted to position us."
Both companies are privately held, and terms of the agreement were not
disclosed. MNG expects revenues to exceed $32 million next year. SRA specializes
in Internet systems development, systems and software engineering, data
mining and e-mail management systems. In 2001, its revenues were $313 million.
"The corporate cultures of both MNG and SRA are deeply focused on our
clients and our employees. I am confident that these similarities, as well
as the new beginning and strong foundation that SRA provides, will contribute
to the success of this acquisition," said Amy Marasco, MNG's president.
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