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

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.

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