Private equity firm Arlington Capital Partners has bought a majority share of AEgis Technologies as part of a strategic partnership that will also bring on Jonathan Moneymaker as the latter company’s CEO.
“AEgis has established itself as a preeminent provider of differentiated solutions that address critical national security objectives in the domains of space superiority, directed energy, and missile defense,” said David Wodlinger, a partner at Arlington Capital Partners. “We are partnering with AEgis to increase investment in these core areas to deliver impactful innovations to our customers that are working on these evolving, high priority missions.”
Moneymaker, who made WashingtonExec’s 2018 25 GovCon Execs to Watch list, is stepping away as president of Altamira Technologies. He will also serve on the board of directors for AEgis as Arlington Capital Partners invests in the company out of a $1.7 billion fund, its largest to date.
“It is an honor to have been tapped to lead the new platform out of ACPs newest and largest fund,” Moneymaker said. “We have a transformational vision we want to execute, delivering incredible capability to our customers’ missions, and all the resources to do it.”
Moneymaker has more than 20 years of experience in national security and technology, including leading Altamira through a period of transformational growth. Prior to Altamira, he was general manager of the Intelligence Systems Group at Boeing, where he was responsible for more than 1,000 employees.
Wodlinger said AEgis co-founder Steve Hill is planning to retire but will help during the transition.
“I met Jonathan a few years ago, and he’s just a tremendous executive,” Wodlinger said. “I’ve been looking for an opportunity to collaborate with him, and AEgis is the perfect fit. Steve has been looking forward to retirement for some time, and with Jonathan coming on board and Steve willing to stay on for the transition, we won’t miss a beat.”
Hill said Arlington Capital Partners will remain committed to the company’s mission as AEgis enters its next growth phase.
“Throughout AEgis’ nearly 30-year history, our employees have strived to develop innovative technical solutions for the military so that our warfighters can come home safely,” Hill said
Hill remains a substantial shareholder in AEgis and will continue providing guidance as a member of the board of directors.
Henry Albers, a vice president at Arlington Capital Partners, said AEgis has “built a reputation for technical excellence and commitment to the mission, making the company an employer of choice for higher caliber professionals.” Wodlinger said Arlington Capital Partners new $1.7 billion fund is an asset that will help AEgis as the company works to reach new levels.
“AEgis will be one of the first investments out of our new fund, which is more than twice the size of the prior fund, so we have a lot of additional capital to put to work behind AEgis,” he added.
Moneymaker said AEgis’ growth has been “remarkable and is a testament to the deep mission intimacy and differentiated solutions the company delivers.”
“I look forward to working with our talented management team and dedicated employees as we continue to drive growth and execute the vision of becoming a first class provider of national security technology across our customers’ most critical and fastest growing domains of warfare,” he said.