Hello, Guest!
  • Thursday, April 25, 2024

Arlington Capital Acquires Black Box’s Government Arm to Form New Comms Tech Firm


Arlington Capital Partners has launched a new company, Tyto Athene, after the Washington-based investment firm completed its $75M cash purchase of Black Box’s (Nasdaq: BBOX) government solutions business.

Tyto Athene will provide systems integration support and managed services for communications platforms of the Defense Department and civilian agencies, Arlington Capital said Monday.

Jeff Murray, senior vice president of Black Box’s former government solutions business, will serve as CEO of Tyto Athene, while Chris Meilhammer and Jason Alexander will respectively serve as chief operating officer and VP of operations.

Former Black Box CEOs Mike McAndrew and Terry Blakemore will serve as board members of the newly created firm.

Michael Lustbader, a managing partner at Arlington, said Tyto Athene will leverage the Acuity Micro Data Center and other technologies of the newly acquired business to meet customers’ needs and support U.S. government clients’ information technology modernization efforts.

Raymond James & Associates and Jones Day served as Black Box’s financial and legal advisers in the transaction.

Video of the Day

Related Articles

J.F. Lehman & Co. Closes Purchase of Mission Microwave Technologies M&A Activity

J.F. Lehman & Co. Closes Purchase of Mission Microwave Technologies

An investment affiliate of private equity firm J.F. Lehman and Co. has closed its acquisition of Cypress, California-based Mission Microwave Technologies for an undisclosed sum to support the latter’s product development efforts and growth initiatives in government and commercial markets. Established in 2014, Mission provides solid-state power amplifiers and block upconverters for the satellite communications

VSE Buys HAECO Unit to Expand Government Aircraft Support Portfolio; John Cuomo Quoted M&A Activity

VSE Buys HAECO Unit to Expand Government Aircraft Support Portfolio; John Cuomo Quoted

VSE has purchased HAECO Americas’ special services business that offers maintenance, repair and overhaul support for government and military aircraft platforms in a cash deal of an undisclosed value. HAECO Special Services currently helps maintain the U.S. Air Force’s KC-10 aircraft as a subcontractor under a Department of Defense contract and employs approximately 280 employees

Cadence Acquires Engine Components Maker B&E; Peter Manos Quoted M&A Activity

Cadence Acquires Engine Components Maker B&E; Peter Manos Quoted

Cadence Aerospace, a portfolio company of Arlington Capital Partners, has acquired Southwick, Mass.-based defense and aerospace engine components manufacturer B&E from MPE Partners for an undisclosed sum.