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Michael Lustbader Managing Partner Arlington Capital

Arlington Capital Acquires J&J Worldwide Services; Michael Lustbader Quoted

Arlington Capital Partners has closed its purchase of government preventative maintenance support provider J&J Worldwide Services for an undisclosed sum through partnership with the latter company’s management team.

Steven Kelley, president and CEO of J&J, and other members of the senior management team will continue to advance strategic growth initiatives and lead the company as an independent entity, Arlington said Wednesday.

“J&J has established itself as a trusted partner to its Federal Government clients through its dedication to customer service and unwavering commitment to quality,” said Michael Lustbader, a managing partner at Arlington Capital. “Our investment in J&J continues Arlington’s history of building differentiated government services providers in partnership with founders and existing senior management as the company’s first institutional investor.”

Austin, Texas-based J&J has been providing engineering, medical and health care platforms, mission support and other preventative maintenance services to U.S. federal government sites since 1970. The company supports the Department of Defense by delivering integrated asset management, operational and facility management support services to military bases. J&J and its joint venture partners have more than 3,200 employees across 10 countries.

The acquisition marks Arlington’s fourth investment made through its $1.7B Arlington Capital Partners V fund, which was raised in 2019.

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