H.I.G Capital has purchased a majority interest in Iron Bow Technologies, an information technology products and services provider to federal customers.
The Miami-based private equity firm said Friday the deal marks its third government services market investment and it aims to help grow Iron Bow’s footprint in the public and private sectors.
Rene LaVigne will continue to lead the Herndon, Va.-based IT company as president and CEO.
Iron Bow seeks to maintain an “organic” investment approach and identify acquisition targets as part of portfolio expansion and diversification efforts, H.I.G. Capital noted.