Arlington Capital rebuilds federal portfolio
CORRECTION: This blog has been corrected to clarify that Houlihan Lokey was the advisor to EOIR and the Chertoff Group advised Arlington Capital.
Arlington Capital has made another acquisition as it continues to build its family of companies focused on the federal market.
This time it has acquired EOIR Technologies of Fredericksburg, Va. Terms of the deal were not disclosed, but the company has 400 employees.
The 35-year old company provides cloud computing, big data analytics, advanced visualization, C4ISR, spectrum-related information dominance, smart sensing, training and simulation and rapid prototype.
Most of the company’s customers are in the defense and intelligence community.
The company holds several prime contracts, including the Army’s Technical Information Engineering Services, the Electromagnetic Maneuver Warfare Command & Control contract with the Office of Naval Research and the Persistent Surveillance contract with the Arm Research Lab.
With the deal, Peter Cannito has been named CEO of EOIR.
The Chertoff Group served as an advisor to Arlington Capital and Houlihan Lokey advised EOIR.
The acquisition of EOIR follows Arlington Capital’s deal for iRobot Defense & Security, now called Endeavor Robotics. It also has MicroPact and Quantum Spatial in its federal portfolio.
It also was the backer of Novetta Solutions before selling it to the Carlyle Group and Compusearch Software Systems, which it has sold to ABRY Partners. Both companies were sold last year.
Posted by Nick Wakeman on Jun 28, 2016 at 10:13 AM