LLR Partners has hired two security, defense & government services professionals as the firm continues to expand its investment activities in this sector. Joining LLR as a Principal is Jason Rigoli and Michael Levenberg joins as an Associate. Both Mr. Rigoli and Mr. Levenberg will be based in LLR’s recently opened office in Arlington, VA.
“The security, defense & government services sector is an increasingly important area for us,” said David Stienes, partner at LLR. “Our strength is in supporting innovative business services and technology companies requiring specialized domain knowledge. Having worked with Jason and Michael on previous investments, we knew they had the right skills and cultural fit to help enhance the LLR team and build on our momentum in Washington, DC.”
LLR’s security, defense & government services practice partners with growth companies that have between $25 million and $250 million in annual revenue, including technology and service businesses serving commercial and government clients in the physical and cyber security markets, as well as government contractors to the US homeland security, defense, intelligence and healthcare agencies.
“There are few private equity sponsors with this level of expertise and capital dedicated to the security, defense & government services sector,” said Mr. Rigoli. “Furthermore, few firms with LLR’s scale also provide a flexible investment approach, with the ability to execute both minority and majority investments. This degree of flexibility and LLR’s long history of partnering with management teams appeals to business owners seeking capital and strategic guidance.”
Mr. Rigoli most recently served as Managing Director at Monument Capital Group, investing in defense, security and government services. Previously, he was a Principal at The White Oak Group, focused on aerospace and defense. Earlier in his career, he was Senior Vice President in charge of the aerospace, defense, security and government services industry practice at FBR Capital Markets. Mr. Rigoli also has more than 10 years of experience as an operational executive in the defense consulting industry, running businesses as large as $190 million in annual revenue.
Joining LLR as a senior associate, Michael Levenberg has worked with Mr. Rigoli for the past two years. Prior to that, he was in the aerospace and defense investment banking practice at Jefferies as well as the transaction services group at PricewaterhouseCoopers.
LLR Partners makes both minority and control investments in middle market growth companies with revenues from $10 million to $150 million. Industries of interest include business services, consumer, education, financial services, healthcare services, security & government, software, and IT services. LLR is currently investing out of its third fund with $800 million of capital commitments. The firm has over $2 billion of assets under management and has offices in Philadelphia, PA and Arlington, VA (www.llrpartners.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 9-20-13