LinQuest makes first deal under new owners
By
Ross Wilkers
LinQuest Corp. was itself acquired last year by two private equity firms and has now used that backing to make an acquisition of its own.
LinQuest Corp. has made its first acquisition since the space systems integrator was purchased itself by a pair of private equity firms last year.
The company has acquired the Perduco Group, a provider of data analytics and modeling services to defense and civilian agencies.
Terms of the transaction were undisclosed, but LinQuest said the deal adds new contracts with agencies such as the Air Force Research Laboratory, Air Force Materiel Command, Air Education and Training Command, plus some intelligence agencies.
Dayton, Ohio-based Perduco also participates in the governmentwide Small Business Innovation Research program and Defense Department Rapid Innovation Fund, plus it holds a GSA schedule.
Perduco and its management team will operate as a business unit within LinQuest, the companies said.
Private equity firms Madison Dearborn Partners and CoVant Management acquired LinQuest last year to help that company chart its next phase of growth, both organic and through acquisitions.
Baird served as LinQuest’s financial adviser with Kirkland & Ellis LLP and Crowell & Moring LLP serving as legal advisers. Jones Day served as legal adviser to Perduco. Also part of the transaction, Bank of America Merrill Lynch is providing an expanded credit facility to support LinQuest’s continued growth.
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