Arlington Capital Partners Acquires EOIR Technologies

0

building handshakeWashington, D.C.-based private equity firm Arlington Capital Partners announced June 24 the acquisition of Fredericksburg, Va.-based EOIR Technologies Inc., a technology solutions contractor to the Dept. of Defense and intelligence community.

“As an early mover in smart sensors, video analytics and directed energy research, EOIR is well-positioned to address the country’s key technical priorities,” Arlington Managing Partner Michael Lustbader said. “We plan to grow the company through complementary strategic acquisitions to create a mid-sized, agile platform that is focused on delivering differentiated solutions to the national security community. Through a mix of organic and inorganic investments, EOIR will expand its capabilities into new areas for broader support of the current customer base, as well as bring EOIR’s deep technical expertise into new markets.”

“EOIR is pleased to be partnering with Arlington, a firm with a long and successful history investing in our sector,” newly-appointed EOIR CEO Peter Cannito said. “We’ve delivered substantial growth over the last several years and secured key large prime contracts with our customers throughout the research and development community. Having the backing of Arlington will only serve to accelerate our growth and help us to capitalize upon our current and future opportunities.”

“EOIR has a distinguished history of providing advanced research and development, engineering and design solutions that address our military and intelligence agencies’ key technical challenges,” Arlington Principal David Wodlinger said. “EOIR’s ability to deliver innovation to customers throughout a program’s lifecycle makes it an ideal platform for Arlington as we seek to build a national security platform that advances the community’s capabilities through investments in research and development and proprietary technology.”

“EOIR Technologies has been supporting our customers with the highest standards of integrity, commitment and technical excellence for over three decades,” EOIR’s former CEO and ongoing member of the EOIR Board Dr. Joe Mackin said. “This ownership transition presents a variety of exciting new opportunities for EOIR to continue our rapid growth through increased investments in corporate infrastructure, internal research and development and targeted new capabilities attained through strategic acquisitions. I look forward to continuing to advise the company through its next phase of growth and continuing to serve our customers.”

EOIR has approximately 400 employees in 11 U.S. offices, as well as client sites domestically and overseas. In the last year, the Company has won prime positions on several large contract vehicles including Technical Information Engineering Services, Electromagnetic Maneuver Warfare Command & Control and Persistent Surveillance – Intelligence, Surveillance and Reconnaissance Analytic Software.

Arlington’s investment in EOIR follows on the heels of recent realizations of its investments in Novetta Solutions and Compusearch Software Systems. Arlington has completed more than 20 transactions during the past five years. Arlington’s current investments include Endeavor Robotics (previously iRobot Defense & Security), MicroPact and Quantum Spatial.

Terms of the transaction were not disclosed.

Related: Arlington Capital Partners Acquires Division of Radiant Zemax

PAE TILE AD NEW

 

Comments are closed.