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Brightstar Capital to Expand Tech Offerings in Aerospace & Defense Markets via ERC-Oasis Merger

Private equity firm Brightstar Capital Partners has agreed to acquire and merge Oasis Systems with its portfolio company ERC to expand cybersecurity, engineering and technology-focused consulting offerings for aerospace and defense customers worldwide.

Brightstar said Wednesday it expects the transaction to close in the second quarter of 2022 and the combined entity will be named ERC-Oasis and continue to operate through the companies’ existing headquarters in Burlington, Massachusetts, and Huntsville, Alabama.

Oasis Chair Tom Colatosti will serve as board chair and CEO of ERC-Oasis. Oasis CEO Tim Nickerson will assume the role of chief operating officer of the combined organization.

Colatosti said the ERC-Oasis combination seeks to unite employees, cultures and strengths to expand resources and capabilities needed to deliver full lifecycle platforms to help customers address challenges and meet their missions.

ERC-Oasis will deliver capabilities to the Department of Defense, NASA, Federal Aviation Administration and other federal agencies in several areas, including Agile software development, information technology, cybersecurity, emerging technologies, mission support, research and development, test and evaluation, modeling and simulation and systems engineering.

Kirkland & Ellis and Houlihan Lokey served as legal counsel and financial adviser, respectively, to ERC. Rothschild & Co acted as Oasis’ exclusive financial adviser in the transaction, and Sullivan & Cromwell served as legal counsel to the company.

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