Private equity firmÂ The Carlyle Group has agreed to purchase McLean, Va.-based analytics services contractorÂ Novetta Solutions fromÂ Arlington Capital Partners for an undisclosed sum.
Novetta said ThursdayÂ it expects to close the transaction later this year and the dealÂ will be funded by equity capital from the $13 billion Carlyle Partners VI fund.
Carlyleâs global aerospace, defense and government services group has invested approximately $4.5 billion of equity in more than 40 companies since 1987.
Jeffrey Freed, Â an Arlington Capital co-founder and managing partner, said Peter LaMontagne will continue to lead Novetta as CEO after the deal closes.
LaMontagneÂ became CEO ofÂ the companyÂ in March 2012 after its formationÂ through a merger of Arlington CapitalÂ portfolio company White Oak Technologies with FGM to create Novetta.
Novetta itselfÂ made acquisitions in the analytics space during 2014, such as its late 2014 purchasesÂ ofÂ Digital Results GroupÂ to add a software platform for data collection and exchanges; andÂ Sentinel Applied AnalyticsÂ forÂ statistical tools used to interpret data.
Novetta’s two other acquisitions last year included the purchase ofÂ Global News Intelligence, a builder of emotion and social media analysis technology; andÂ SigInt Technologies, which makesÂ digital signal processingÂ technologies for the intelligence community.
“We are excitedÂ to partner with Peter and his teamÂ to support Novettaâs mission and growth strategy by investing in the continued development of its people, capabilities and intellectual property as well as pursuing selective, technology-driven, complementary acquisitions, ” said Adam Palmer, a Carlyle managing director and head of the group.