Funds affiliated with Madison Dearborn Partners have bought T2S Solutions, a provider of research and development, prototyping, engineering, integration and technology products in support of defense, intelligence and government programs.
Tim Jahnigen, co-founder and chief growth officer of T2S, said in a statement published Wednesday, “With MDP’s resources and expertise, we will be able to accelerate our existing R&D and prototyping core, capture lead production roles, and further increase our investments in proprietary technology products from our R&D pipeline.”
Meanwhile, Tim Gay, co-founder and CEO of T2S, remarked that the partnership with MDP will enable T2S to continue its product delivery efforts to support the Department of Defense and the intelligence community, strengthening its ability to meet customers’ needs.
T2S provides mission-focused offerings in various mission areas, including space, assured positioning, navigation and timing, artificial intelligence and machine learning, cybersecurity, electronic warfare intelligence, surveillance and reconnaissance, command and control, and high-altitude platforms.
MDP invests in pre-identified industries, including technology and government products and services. Brandon Levitan, director of its technology and government solutions team, said, “The company is well-positioned to grow as the DOD and IC continue to execute on their modernization priorities.”
For this acquisition, T2S founders will retain a significant minority ownership position while still leading the company.
Raymond James served as MDP’s financial adviser while Kirkland & Ellis and Crowell & Moring provided legal counsel.
For T2S, BofA Securities was tapped as financial adviser and Holland & Knight provided legal counsel.