Author: Jane Edwards|| Date Published: April 11, 2024
Blue Delta Capital Partners, a federal government market-focused venture capital firm, has invested in Herrick Technology Laboratories, a provider of software-defined radio, electronic warfare and signals intelligence products for the Department of Defense.
Acie Vickers, CEO and co-founder of HTL, said in a statement published Wednesday the $25 million investment from Blue Delta will enable the company to accelerate the deployment of EW and SIGINT platforms to U.S. defense and intelligence customers and improve its ability to carry out strategic tuck-in acquisitions.
“Acie and his team are building something special at HTL and we are flattered to become a part of their team,” said Mark Frantz, co-founder of Blue Delta.
“Their unique products and solutions are vital to the Nation’s missions, and we are excited to help scale the company during this critical time in world affairs,” added Frantz, a previous Wash100 awardee.
Holland & Knight acted as Blue Delta’s legal counsel in the transaction. Raymond James and Cooley respectively served as financial and legal advisers to HTL.
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