Smartronix, Trident Get Strategic Investments From OceanSound; Ted Coons Quoted

Jeff Brody
Ted Coons

Information technology companies Smartronix and Trident Technologies have received strategic investments from New York-based private equity firm OceanSound Partners.

“These initial transactions fit squarely within our investment strategy and leverage our differentiated perspective of companies operating at the intersection of government and technology,” Ted Coons, co-founder and a partner at OceanSound, said in a statement published Friday

Coons added that Smartronix and Trident offer mission-critical cloud computing and digital transformation platforms and support to government customers.

OceanSound completed the recapitalization of Smartronix in December and acquired Trident in March of last year.

KippsDeSanto & Co. served as Smartronix’s exclusive financial adviser in the transaction, while Pillsbury Winthrop Shaw Pittman LLP served as legal counsel to Smartronix.

Paul, Weiss, Rifkind, Wharton & Garrison LLP and Gibson, Dunn & Crutcher LLP advised OceanSound on the transaction’s legal aspect. Arena Strategic Advisors offered strategy and due diligence support to OceanSound and Trident.

Hollywood, Md.-based Smartronix provides cloud, IT and ISR platforms to the Department of Defense, federal civilian agencies and commercial clients.

Trident is headquartered in Huntsville, Ala., and provides IT, engineering, technical and programmatic services to DoD and other federal agencies.

Check Also

Vigor

Vigor Industrial Subsidiary to Modernize Navy Destroyer Ship Under Potential $156M Contract

Vigor Industrial's marine subsidiary has secured a potential $155.6M firm-fixed-price contract to help the U.S. Navy modernize and maintain the USS McCampbell guided missile destroyer. The company will update the ship's mechanical and electrical systems, hull and communications, digital video surveillance and warfighting equipment as part of a depot maintenance availability, the Department of Defense said Monday.

Parsons

Parsons Gets $178M Intell Community Security Analysis IDIQ; Robert Miller Quoted

Parsons (NYSE: PSN) has secured a potential five-year, $178M contract to help the U.S. intelligence community analyze measures for securing physical and technical assets.