Peraton Corp. has completed the sale of its systems engineering, integration and support services business to CTFV Acquisition Corp., a portfolio company of The Veritas Capital Vantage Fund.
As a result of the sale, the SES Business will operate as an independent, standalone company. The separation of the SES Business and Peraton allows each company to independently focus its core capabilities on meeting mission needs of its respective defense and intelligence community customers.
The SES Business will be led by Damian DiPippa, previously president of Peraton’s systems engineering sector. The SES Business will re-brand itself under a new corporate name and identity.
The Vantage Fund is a Veritas Capital investment fund that independently invests in middle-market companies, including those that provide critical products and services to government and other customers.
Jefferies LLC served as financial adviser to Peraton. Milbank LLP and Covington & Burling LLP served as legal counsel to Peraton. Latham & Watkins LLP served as legal counsel to the Vantage Fund.
