Digital Force Technologies has signed a strategic partnership with DC Capital Partners, allowing the private equity investment firm to run DFT as a platform company within its portfolio of businesses.
DFT designs and builds hardware and software platforms for use in tactical surveillance and force protection in support of government agencies’ missions, DC Capital said Thursday.
DFT CEO Justin MacLaurin said DC Capital’s leadership team, history in the government sector, strategic approach and experience growing businesses will improve DFT’s prospects.
“With the backing of an industry leader like DC Capital, we can continue to grow our product lines and provide a solutions-oriented approach to our current customers, expand our customer base, and provide our employees with more personal and professional development opportunities,” MacLaurin added.
Jeffrey Weber, a partner at DC Capital, said the firm looks forward to taking DFT’s expertise to a wider group of customers in the national security market.
Raymond James & Associates and DLA Piper respectively served as DFT’s financial and legal advisers in the transaction. Latham & Watkins advised DC Capital on the deal’s legal aspect.