SOURCE: The Avascent Group

February 01, 2007 09:22 ET

DFI Corporate Services Acquired by The Avascent Group

WASHINGTON, DC -- (MARKET WIRE) -- February 1, 2007 -- The Avascent Group is proud to announce its acquisition of DFI Corporate Services in a management-led buyout. The Avascent Group will build on the strong reputation and management consulting expertise of DFI Corporate Services to continue serving clients operating at the intersection of business, government and innovation.

"The acquisition of DFI Corporate Services by its current management fulfills a long sought after dream for us to secure an independent future for the firm while laying the foundation for its continued growth," said Steve Irwin, president of The Avascent Group. "The buyout reflects our deep collective commitment to our work, our clients, and to this company and its people."

DFI Corporate Services, formerly a subsidiary of DFI International, is a leading provider of strategy and management consulting services to global leaders in defense, aerospace, logistics, transportation and high technology as well as leading financial institutions and investors.

Under The Avascent Group banner, the company will continue to provide rigorous business analysis in the areas of strategic planning and competitive assessment, operations and organizational improvement, merger and acquisition support, and policy and risk analysis. With a staff of 50 full time professionals, the company will continue to address the complex set of issues facing firms serving government-driven and influenced markets around the world.

"I am pleased that the same team that built Corporate Services into the firm it is today will continue serving the company's clients now as The Avascent Group," said DFI International President Dr. Barry Blechman. Dr. Blechman simultaneously announced that the government-focused operations of DFI International were being acquired by Detica Group, Plc, a UK-based firm specializing in information intelligence.

"We are all delighted that we will be able to serve our clients through a unique combination of the analytical rigor of the leading management consulting firms and the intimate knowledge and efficiency of industry experts in our domains," added Irwin. "We will have a renewed sense of dedication as we provide our clients the high level of service they have come to expect."

About The Avascent Group

The Avascent Group provides management and strategy consulting services to firms operating at the nexus of business and government. For more information, please contact Douglas Berenson at

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    Douglas Berenson