Private equity firm OceanSound Partners has announced the recapitalizations of Smartronix, Inc. and Trident Technologies.
Hollywood, Maryland-based Smartronix provides next-generation IT and cloud solutions to government and commercial customers, and intelligence, surveillance and reconnaissance solutions to the Defense Department. Trident, based in Huntsville, Alabama, offers advanced IT, engineering and programmatic solutions to the federal government.
“The Smartronix team is thrilled to partner with OceanSound given their deep experience in our core markets and a shared vision on how we can continue to grow our company,” said John Parris, CEO of Smartronix. “This partnership will allow us to further build our brand, broaden our portfolio of capabilities and expand into new customer segments by investing in the business, both organically and with strategic acquisitions.”
Trident CEO Mike Williams offered similar sentiments.
“We are excited to embark on the next phase of Trident’s growth in partnership with OceanSound,” he said. “Their strategic guidance and experience in our industry will be invaluable to us as we expand our business to provide new solutions to customers and pursue growth opportunities that were unavailable to us as a founder-owned business.”
The Smartronix and Trident transactions “are exciting and meaningful milestones for OceanSound,” said Joe Benavides, co-founder and partner at OceanSound.
“We have assembled an exceptional team with significant prior experience investing together within our focus markets,” he added. “We are united in the conviction that we can apply our collective expertise and experience to identify, acquire, and drive value creation within attractive middle-market companies operating in both government and commercial markets.”