M&A

3 into 1: Arlington Capital merges three companies, creates Polaris Alpha

Arlington Capital Partners have created Polaris Alpha as a result of combining its company, EOIR Technologies, with Intelligent Software Solutions and PROTEUS Technologies.

Financial terms of the combination were not released.

Polaris Alpha is a provider of mission-critical technology, software and solutions to defense and intelligence community customers. It will produce technologies for all domains including land, sea, air, cyber, space and the electromagnetic spectrum, the company said in a release.

The new company sits at $250 million in annual revenue and has 1,100 employees.

“Polaris will fill the void between niche players and prime contractors to deliver agile, sophisticated solutions to a growing number of government customers disillusioned with the traditional options available to them,” said Michael Lustbader, a managing partner at Arlington Capital.  

“EOIR, ISS and PROTEUS bring together complementary technologies and diverse customers that enable cross-selling of capabilities in high demand areas of the DoD and Intelligence Communities such as advanced analytics, big data and cyber,” said Pete Cannito, Polaris CEO.

Aronson Capital Partners served as exclusive financial advisory to PROTEUS Technologies.

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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