Hammond, Kennedy, Whitney & Company (HKW) has closed on the sale of AeroMetric, a provider of geospatial services to corporate and governmental clients, to Arlington Capital Partners. AeroMetric was acquired by HKW in 2007.
“AeroMetric has been a leader in the geospatial services industry during our involvement,” said Jeff Wood, HKW CEO and Chairman of AeroMetric. “HKW is very pleased to have partnered with such a first class company. The team at AeroMetric has done a great job establishing a strong culture of quality, on time delivery, and technology based solutions in a dynamic marketplace. We believe that Arlington and AeroMetric will have a bright future together.”
AeroMetric is a full-service geospatial services including photogrammetric, LIDAR (Light Detection and Ranging), satellite and airborne imaging to the corporate and government sectors. The company was founded in 1969 and is based in Sheboygan, WI (www.aerometric.com).
Hammond, Kennedy, Whitney & Company invests in companies with revenues between $20 million and $200 million and EBITDAs between $2 million and $20 million. Over the past 29 years, HKW has completed 40 platform management buyouts of small middle-market companies throughout North America as well as 42 add-on acquisitions. The firm is headquartered in Indianapolis, IN with an additional office in New York, NY (www.hkwinc.com).
Arlington Capital Partners is a middle market private equity firm focused on buyouts and recapitalizations of companies valued from $50 million to $500 million. Sectors of interest include government contracting; federal and commercial IT and engineering services; aerospace & defense; healthcare services; education & training; and business services & outsourcing. The firm is based in Washington, DC (www.arlingtoncap.com).
AeroMetric was represented by TM Capital, an investment bank based in New York, Boston and Atlanta (www.tmcapital.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 9-5-12