John Allen, co-founder and managing partner of Bluestone, said in a statement published Tuesday the investment will help Intrepid œaccelerate growth both organically and through mergers and acquisitions.
South Carolina-based private investment fund Route 2 Capital Partners also backed Bluestone™s investment in Intrepid.
Pillsbury, Winthrop, Shaw, Pittman advised Bluestone on the transaction™s legal aspect. Aronson Capital Partners acted as Intrepid™s investment banking adviser, while McCandlish Lillard and PilieroMazza PLLC served as legal advisers to the IT firm.
McLean, Va.-based Bluestone is a private equity firm focused on investing in middle-market companies in the government services and defense sectors.
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