M&A

Arlington Capital Partners completes acquisiton of iRobot defense, security business

Arlington Capital Partners has completed its $45 million acquisition of the defense and security business of iRobot Corp.

The deal was announced in early February and creates a new independent company called Endeavor Robotics, focused on defense, public safety and security markets.

The rest of iRobot Corp. will remain focused on the home and consumer market.

About the Author

Mark Hoover is a senior staff writer with Washington Technology. You can contact him at mhoover@washingtontechnology.com, or connect with him on Twitter at @mhooverWT.

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