Author: Jane Edwards|| Date Published: June 27, 2016
Washington-based private equity firm Arlington Capital Partners has purchased Fredericksburg, Virginia-based big data analytics and cloud platforms provider EOIR Technologies for an undisclosed sum.
Former EOIR Chief Operating Officer Peter Cannito will lead the company as CEO under the new ownership, Arlington Capital said Friday.
Michael Lustbader, a managing partner at Arlington Capital, said the private equity firm intends to help EOIR expand through acquisitions in an effort to establish what he called a “mid-sized, agile platform†that works to provide technology systems to the national security community.
EOIR also provides smart sensing, prototyping, visualization, training and simulation tools as well as command, control, communications, computers, intelligence, surveillance and reconnaissance platforms and services to the Defense Department and the Intelligence Community.
The company holds positions on a potential $995 million technical information engineering services contract with the U.S. Army, plus a potential $800 million vehicle for radio frequency components under the U.S. Navy’s Electromagnetic Maneuver Warfare Command and Control program.
The EOIR acquisition comes two months after Arlington Capital launchedEndeavor Robotics — the former defense and security segment of iRobot (Nasdaq: IRBT) — following the completion of that business’ purchase by the private equity firm for $45 million.
Arlington Capital agreed to sell McLean, Virginia-based analytics services contractor Novetta Solutions to private equity firm The Carlyle Group for an undisclosed amount in August 2015.
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Washington-based private equity firm Arlington Capital Partners has purchased Fredericksburg, Virginia-based big data analytics and cloud platforms provider EOIR Technologies for an undisclosed sum.
