Bluestone Investment Partners has made an investment in Intrepid Solutions and Services, a Sterling, Va.-based provider of enterprise information technology, operational trainingÂ and data analysis support to intelligence community clients.
John Allen, co-founder and managing partner of Bluestone, said in a statement published Tuesday the investment will help Intrepid âaccelerate growth both organically and through mergers and acquisitions.â
South Carolina-based private investment fund Route 2 Capital Partners also backed Bluestoneâs investment in Intrepid.
Pillsbury, Winthrop, Shaw, Pittman advised Bluestone on the transactionâs legal aspect. Aronson Capital Partners acted as Intrepidâs investment banking adviser, while McCandlish LillardÂ and PilieroMazza PLLC served as legal advisers to the IT firm.
McLean, Va.-based Bluestone is a private equity firm focused on investing in middle-market companies in the government services and defense sectors.