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  • Friday, April 19, 2024

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.

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