M&A

Enlightenment Capital invests in firm as part of SBA loan program

Enlightenment Capital, the government market investment firm, has partnered with data management and professional services firm Artlin Consulting to help that company through its next phase of growth.

Terms of Enlightenment’s investment in Artlin were not disclosed, but the backing was made through the former’s fund dedicated to the Small Business Investment Company program.

SBIC is managed by the Small Business Administration, which gives some investors venture funds to back small businesses in the form of agency-supported loans. The SBA approved Enlightenment’s participation in the SBIC program in June 2019.

Founded in 2011, Artlin provides data-related and other advisory services to defense and civilian agencies. One of its main clients is the Defense Department’s Washington Headquarters Services office, which is responsible for helping other DOD components handle administrative and management responsibilities.

Artlin has received the most obligations of any incumbent on WHS’ Analytic & Technical Support Services contract with $88.2 million in spend obligated since the award in 2014, according to Deltek data.

Vienna, Virginia-headquartered Artlin will use the investment at least in part for acquisitions.

Investors who participate in the SBIC program receive $2.00 for every $1.00 invested in designated small businesses. The goal is to generate additional capital that can go toward other businesses.

About the Author

Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at rwilkers@washingtontechnology.com. Follow him on Twitter: @rosswilkers. Also connect with him on LinkedIn.

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