BlueHalo announced it will acquire Eqlipse Technologies, a provider of products and solutions to the Defense Department and the intelligence community.
BlueHalo will deliver enhanced scale and broader capabilities to its customers, accelerating the development and fielding of advanced defense technologies, according to the company.
The combined entity will have nearly 2,400 employees across 11 states and an annual revenue approaching $1 billion. The transaction is expected to close in the first quarter of 2024, with current BlueHalo CEO Jonathan Moneymaker leading the combined company.
This acquisition “squarely catapults us to the forefront of the industry, providing additional size and scale, and solidifying the company’s position as the top alternative to the largest government contractors,” Moneymaker said.
Eqlipse offers a portfolio of solutions delivering industry-leading capabilities, spanning full-spectrum cyber and signals intelligence engineering, Electronic Warfare, digital operations and identity management, and cutting-edge R&D.
“I’m incredibly proud of what we have been able to accomplish to date with Eqlipse,” said Eqlipse CEO Dennis Kelly. “With enhanced scale and capabilities, BlueHalo will remain dedicated to providing the rapid innovation needed by our customers and delivering a protective ring around everything we hold dear.”
Upon completing the transaction, BlueHalo will hold nearly 90 patents, employ over 200 Ph.D.s in relevant fields and offer 20 product lines with solutions in four key mission areas: space, counterunmanned aircraft systems and autonomous systems, cyber and electronic warfare, and artificial intelligence — all priority areas for DOD.
BlueHalo and Eqlipse are portfolio companies of Arlington Capital Partners.
“Unifying BlueHalo and Eqlipse’s capabilities will accelerate our development of new technologies for our defense and intelligence customers to a pace that others cannot match,” said David Wodlinger, a managing partner at Arlington Capital Partners.