Arlington Capital adds IC IT footprint with Xebec buy
- By Ross Wilkers
- Oct 03, 2017
Private equity firm Arlington Capital Partners said Monday has acquired McLean, Va.-based intelligence community contractor Xebec to add a new IT and professional services footprint in the IC.
Terms of the transaction were undisclosed. Xebec was founded in 2006 and focuses on human intelligence services to IC agencies.
Investment bank Raymond James advised Xebec on the transaction.
Arlington Capital plans to invest additional capital into Xebec on top of the acquisition, according to the investment firm’s release. This deal comes within days of portfolio company Polaris Alpha’s acquisition of space technology services company Solidyn Solutions.
Based in Washington, Arlington Capital closed its fourth and most recent fund in August 2016 at $700 million in total capital commitments. The firm has managed at least $2.2 billion of capital via four investment funds.
Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at email@example.com. Follow him on Twitter: @rosswilkers. Also connect with him on LinkedIn.