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.
Michael Lustbader, a managing partner at Arlington Capital, said the private equity firm intends to help EOIR expandÂ through acquisitions in an effort to establish what he called a âmid-sized, agile platformâ that works to provide technology systems to the national security community.
EOIR also provides smart sensing, prototyping, visualization, training and simulation toolsÂ as well as command, control, communications, computers, intelligence, surveillance and reconnaissanceÂ platforms and services to the Defense Department and the Intelligence Community.
The company holds positions on aÂ potential $995 million technical information engineering services contract with the U.S. Army, plus a potential $800 million vehicleÂ for radio frequency components underÂ the U.S. Navyâs Electromagnetic Maneuver Warfare Command and ControlÂ program.
The EOIR acquisitionÂ comes two months after Arlington CapitalÂ launched Endeavor Robotics — the former defense and security segment of iRobotÂ (Nasdaq: IRBT) — following the completion of that business’Â purchase byÂ the private equity firmÂ for $45 million.
Arlington Capital agreed to sell McLean, Virginia-based analytics services contractorÂ Novetta Solutions to private equity firm The Carlyle Group for an undisclosed amount in August 2015.