SRA sells Constella Futures to investment group

After just one year of ownership, SRA International Inc. has sold Constella Futures LLC to a group of private investors led by former Constella Group Chairman and Chief Executive Officer Donald Holzworth. Financial terms of the deal were not disclosed.

SRA acquired Constella Futures, an independent company within the global professional health services Constella Group, in August 2007.

Constella Futures works with government agencies, foundations and corporations around the world to design and implement public health and social programs in developing countries. Its staff of more than 300 employees provides a wide range of strategic consulting services with specialized expertise in HIV/AIDS, infectious diseases, maternal and child health, family planning and reproductive health.

Constella Futures will have greater opportunities as a stand-alone business to pursue a wider range of initiatives that align with its founding mission, SRA President and CEO Stan Sloane said in a statement Tuesday.

As part of the transaction, SRA Vice President and Deputy Director of the Global Health Sector Chris LeGrand will move to Constella Futures to serve as CEO. The transaction is effective immediately.

SRA International, of Fairfax, Va., ranks No. 32 on Washington Technology's 2008 Top 100 list of the largest federal government prime contractors.