Arlington Capital Partners announced its strategic investment in Octo Consulting Group on Thursday.Â
Octo develops solutions for federal government clients in health care, national security, civilian and defense agencies. The companyâs expertise with Agile software development, UI/UX, cloud, infrastructure, blockchain and other emerging technologies enable agencies to modernize their infrastructure.
âOctoâs continued exponential growth over the last several years gave us many lucrative acquisition alternatives,â said Mehul Sanghani, CEO of Octo. âHowever, rather than pursue any alternatives that would exit the brand and legacy we have built, we chose to partner with Arlington, a private equity firm with a longstanding history of successful investments in the government services and technology sector.â
âOctoâs best-in-class software development capabilities, quality of customer relationships and distinguished employee base present a highly attractive strategic investment opportunity for Arlington,â said Michael Lustbader, managing partner at Arlington Capital. âWe look forward to supporting Mehul and the entire management team through the companyâs next phase of growth as it builds on its exceptional track record solving the governmentâs most difficult challenges through innovation.âÂ
Octo named Jay Shah as the companyâs new chief operating officer, succeeding Robert McCord. Shah served as the executive vice president of Octoâs health business unit.
âHaving been at Octo for 11 years, I have seen us go through all the inflection points as we matured into a large business, and I am confident in our ability to build on the successes we have achieved already,â Shah said. âArlingtonâs investment provides us with an even greater ability to continue developing flexible solutions that help agencies meet their mission goals.â
âArlingtonâs investment is a milestone moment for Octo,â McCord said. âOcto is in great hands with Jay as COO, and the strength and experience of the management team puts the firm in a great position for further success. While Iâm taking some time away to be with my family, my confidence in Octoâs leadership team is why Iâve invested significantly in this recapitalization. I anticipate great things in Octoâs future.â
Pamela Rothka was recruited to become chief financial officer for Octo. She was the CFO for Buchanan and Edwards since 2015. She also served Whitney, Bradley and Brown, Hewlett-Packard and Lockheed Martin in various financial leadership roles. Rothka brings federal contracting, M and A, and financial strategy experience within disciplined financial organizations to Octo.