Author: Jane Edwards|| Date Published: September 20, 2023
A&M Capital Partners has made a majority investment in VTG, which provides digital transformation and modernization platforms for customers in the defense and intelligence community.
“This partnership with AMCP will accelerate VTG’s growth trajectory, allowing us to make investments in the emerging capabilities and technologies most needed by our customers, and providing our employees with tremendous new career opportunities,” VTG President and CEO John Hassoun said in a statement published Tuesday.
Chantilly, Virginia-based VTG provides full lifecycle engineering support and platforms for naval warships, submarines and aircraft, develops autonomous and undersea technologies for the U.S. Navy and delivers mission support and digital platforms to the intelligence community.
As a result of the transaction, VTG will no longer be a portfolio company of The Jordan Co.
AMCP, the flagship investment strategy of Alvarez & Marsal Capital, oversees about $3.3 billion in total assets and invests in companies operating in various sectors, including government services, financial, energy and health care.
Baird, Citizens Capital Markets and Mayer Brown served as VTG’s advisers in the transaction. Kirkland & Ellis advised A&M Capital Partners on its investment in VTG.
GreyNoise Intelligence has launched a command-and-control detection capability designed to give federal agencies earlier visibility into compromised infrastructure. GreyNoise’s new…
Textron Aviation Defense has been awarded a five-year, $150 million contract to provide sustaining engineering and program management, or SEPM, services…
Merlin, an aerospace and defense technology company, has appointed former PsiQuantum executive Mark Brunner as chief revenue officer. What Will Mark Brunner Oversee?…
Fortreum has acquired Kovr.AI, an AI-native cybersecurity compliance platform, to combine automated compliance capabilities with independent assessment services for federal…
