Home / News / Bluestone Investment Partners Invests in Enterprise IT Firm Intrepid; John Allen Quoted

Bluestone Investment Partners Invests in Enterprise IT Firm Intrepid; John Allen Quoted

Jeff Brody
John Allen

Bluestone Investment Partners has made an investment in Intrepid Solutions and Services, a Sterling, Va.-based provider of enterprise information technology, operational training 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 “accelerate growth both organically and through mergers and acquisitions.”

South Carolina-based private investment fund Route 2 Capital Partners also backed Bluestone’s investment in Intrepid.

Pillsbury, Winthrop, Shaw, Pittman advised Bluestone on the transaction’s legal aspect. Aronson Capital Partners acted as Intrepid’s investment banking adviser, while McCandlish Lillard 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.

Check Also

AECOM JV Wins $95M NAVFAC Architectural, Engineering Contract

A joint venture comprised of AECOM (NYSE: ACM), Baker and Cardno has won a potential five-year, $95M contract from Naval Facilities Engineering Command Atlantic to help plan multiple projects on the East Coast and international locations.

John Heller

John Heller: PAE to Provide Aircraft Maintenance Support at Eglin AF Base

PAE will help the U.S. Air Force's 96th Test Wing maintain aircraft and equipment at Eglin AF Base in Florida under a contract worth potentially $158M over seven and a half years. “PAE employs top aviation industry professionals who will lend their expertise to a full range of maintenance capabilities at Eglin,” said John Heller, president and CEO of PAE and a 2020 Wash100 awardee.