A&M Capital Keeps Building VTG Defense Platform

VTG, a portfolio company of A&M Capital Partners, has acquired Miklos Systems, a provider of software engineering services to the United States intelligence community.

Chantilly, Virginia-headquartered VTG engineers and installs combat systems, sensors, and digital infrastructure for naval warships, submarines, and military aircraft. The company, led by CEO John Hassoun, operates as a prime contractor for the Department of Defense, specializing in the modernization of legacy platforms.

For example, VTG provides an “Infrastructure-as-a-Service” model for the Navy’s Aegis Combat System—an integrated radar, sensor, and missile-control system that manages air, surface, and ballistic-missile defense—supplying the engineering, installation, and integration of commercial off-the-shelf servers and fiber-optic systems aboard Arleigh Burke–class destroyers, the guided-missile warships that anchor the Navy’s surface fleet.

VTG also works in autonomous undersea technologies and delivers data-analytics capabilities to U.S. intelligence agencies.

VTG’s history traces back to Vosper Thornycroft, the British shipbuilder created in 1966 through the merger of Vosper & Company and John I. Thornycroft & Company. The company rebranded as the VT Group in 2002. In 2010, Babcock International bought the UK operations of the company and later spun off its United States services arm to The Jordan Company in 2012. By 2020, the company had outgrown its legacy label and introduced the VTG brand—an acknowledgment that it had evolved into a full-scale modernization and digital engineering partner for the Pentagon, rather than a remnant of a British shipbuilder’s past. Today, VTG’s annual revenue is estimated at approximately $470 million. A&M acquired VTG in September 2023 from The Jordan Company.

Miklos Systems provides full-lifecycle software development, meaning its engineers design, code, test, and maintain the applications used by intelligence analysts to process data. The company specializes in converting legacy data systems into modern cloud systems. Fairfax, Virginia-based Milkos was founded in 1993 and became 100% employee-owned in 2015.

“All of the employee-owners of MSI are excited about the acquisition,” said Roland Burdett, the president of Miklos Systems. “We are looking forward to joining VTG and working together on future opportunities.”

The buy of Miklos Systems is the latest add-on for VTG. Most recently, Byte Systems, iota IT, and Tunuva Technologies (May 2025) built VTG’s cleared IT, software-development, cybersecurity, and data-analytics capabilities. Before that, Triaplex (April 2025) strengthened its cyber and signals-intelligence work, Loki Solutions (February 2025) expanded software and analytics support for the intelligence community, and Vana Solutions (April 2024) added cloud and digital-engineering capabilities.

These seven acquisitions by VTG are part of A&M’s strategy to build a larger service platform in the defense and intelligence sector.

A&M Capital Partners is a middle-market private equity firm headquartered in Greenwich, Connecticut. The firm manages approximately $4.0 billion in capital commitments and focuses on control transactions in North America. A&M typically invests in companies with enterprise values between $100 million and $500 million, targeting sectors such as government services, business services, and industrials.

© 2025 Private Equity Professional | December 3, 2025