BlueHalo has entered into a definitive agreement to acquire Intelligent Automation, Inc., enhancing its technical capabilities and intellectual property.
Maryland-based Intelligent Automation, Inc. provides advanced technology development and productized solutions in artificial intelligence and machine learning, cybersecurity, hypersonics, space, 5G, data analytics and radio frequency. The company serves a variety of customers across the Defense Department and commercial markets.
“IAI has spent the last three decades building a premier platform focused on bringing innovation to market. With nearly one-third of their workforce having PhDs, IAI has an incredibly deep bench of world-class scientists, developers, and engineers, and we at BlueHalo could not be more excited to partner with the IAI management team as we continue to expand our capabilities across areas critical to national security,” said Jonathan Moneymaker, CEO of BlueHalo.
The acquisition will accelerate and enhance BlueHalo’s trajectory and create a repeatable, sustainable engine of innovation, Moneymaker added.
The founders of Intelligent Automation, Inc., Leonard and Jacqueline Haynes, said they are confident that together with BlueHalo, they will produce an even stronger generation of new technology.
“When we began IAI 34 years ago, we knew we wanted our business to be built around the superior quality of our technical work, outstanding service to our customers, and an impeccable work environment with an excellent professional staff. We are pleased that BlueHalo will continue to support these pillars in its acquisition of IAI,” Leonard and Haynes said.
David Wodlinger, a partner at Arlington Capital Partners, said he’s proud to partner with the Intelligent Automation, Inc. management team. He believes the company is a great fit for BlueHalo, “as one of our core capabilities as a company is utilizing our resources, whether they be laboratories, facilities, technical reach-back, systems and processes, or intellectual property to enhance and mature promising next-generation solutions into capabilities and products to address some of the most technically demanding challenges facing the national security community.”
Raymond James and Associates, Inc. acted as the investment banking adviser to Intelligent Automation, Inc.; Sheppard, Mullin, Richter, and Hampton served as legal adviser to BlueHalo; and Miles and Stockbridge served as legal adviser to Intelligent Automation, Inc.