Both companies expect to close the transaction during the fourth quarter, pending approval from Cole Engineering’s shareholders and clearance by federal regulators, By Light said Thursday.
Bryan Cole, co-founder and CEO of Cole Engineering will join the board of directors at By Light upon the deal’s closure.
The deal would mark By Light’s fourth acquisition since the McLean, Va.-based company was acquired by investment firm Sagewind Capital in 2017.
Orlando-based Cole Engineering offers support to federal customers through multiple contract vehicles and has developed simulation architectures for training and engineering purposes.
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