Halifax-Backed XL Associates, Inc. Merges With ALON
WASHINGTON, DC & MCLEAN, VA — April 16, 2012 — XL Associates, Inc., (“XL”) a global acquisition, grants and professional services company based in McLean, VA, announced today it has merged with ALON, Inc. (“ALON”) to expand its range of services and its customer base. Terms of the agreement were not disclosed. In October 2011, The Halifax Group, a Washington, D.C.-based private equity firm, partnered with XL and its founder, Lloyd Mustin.
ALON, based in Springfield, VA, is a program management, strategic acquisition planning and financial management services business. ALON assists its Federal customers in achieving their mission objectives by consistently delivering innovative and cost-effective management improvement solutions. Its customers’ mission objectives include homeland security, international defense force security and historical document preservation.
Management from both XL and ALON will continue in leadership roles at the business. Mr. Mustin will serve as CEO of the combined company, Stephanie Simeone will serve as Executive Vice President of Business Development and Marketing and Laurie Krieg will serve as Executive Vice President of Field Operations.
“ALON has developed a distinguished reputation, a complementary customer base and a terrific group of leaders and employees,” commented Mr. Mustin. “We are excited to be partnering with the ALON team to expand our service offering.”
“Our combined company remains committed to providing our Federal clients with unparalleled customer service dedicated to allowing them to achieve their missions efficiently and effectively,” said Ms. Simeone. “The combination of XL and ALON is a natural fit, and we expect our customers to benefit from our added capability,” added Ms. Krieg.
Scott Plumridge, Principal at Halifax, added, “We continue to see strong growth opportunities in this increasingly complex marketplace, and Halifax is proud to be partnering with two companies that have developed superior track records over their approximately 30 years of combined service.”
Founded in 1989, XL is a leading and award-winning government services provider focused on mission-critical global initiatives across a diverse range of federal agencies. XL’s core service offerings include acquisition life cycle support (“ALCS”), grants life cycle management (“GM”), and specialized program management (“SPM”). The ALCS and GM divisions assist federal government agencies in procuring goods and services by managing the planning, execution, and administration of the contracting and grants processes. The SPM division provides support in global stabilization operations and mission support planning through worldwide deployment on some of our country’s most important foreign policy and international humanitarian initiatives. For more information, please visit www.xla.com.
Founded in 2004, ALON, Inc. is a value-added provider of program management support for information technology and mission support programs to the Federal government. ALON’s program management and strategic acquisition planning services enable customers to deliver compliant, secure, mission critical capabilities on time and on budget. Its financial management services division conducts process improvement initiatives to allow customers to be more consistent, flexible, and transparent in compliance with budgetary accountability. For more information, please visit www.aloninc.com.
About The Halifax Group
The Halifax Group is a private equity firm that partners with managers and entrepreneurs to recapitalize and grow lower middle-market businesses across a variety of industries including health and wellness, infrastructure, business and government services and franchising. The firm maintains offices in Washington, DC; Dallas, TX; and Raleigh, NC. For more information, please visit www.thehalifaxgroup.com