Author: Christine Thropp|| Date Published: August 3, 2023
Private equity firm Arlington Capital Partners has expanded its portfolio of companies with the recent acquisition of Integrated Data Services, an El Segundo, California-based government contractor that offers software and technology-enabled support and development services.
James Truhe, one of IDS co-founders, said in a statement published Wednesday the company will utilize Arlington’s government technology knowledge and expertise to drive growth.
“Having selected Arlington for its strategic and capital support, we plan to expand our capabilities and product offerings,” he added.
Truhe and Jerome Murray, the other IDS co-founder, retained a minority company stake following the transaction, whose financial terms were classified.
IDS markets Comprehensive Cost and Requirement, its flagship software offering designed for automating program portfolio management processes of federal government customers. Aside from the software, the company also has more than 275 employees who cater to clients in the military and other defense and civilian agencies.
Robert W. Baird & Co served as financial adviser to Arlington while Lincoln International took the same role for IDS.
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