Arlington Capital Partners has acquired EOIR Technologies, a provider of information technology services to the US department of defense and government intelligence agencies. EOIR has been a portfolio company of The White Oak Group since March 2008.
EOIR’s services include cloud computing; big data analytics; data visualization; C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance), smart sensing, training and simulation, and rapid prototyping of sensors, vehicle situational awareness kits, and vehicle-based target acquisition systems. EOIR has approximately 400 employees in 11 US offices as well as client sites domestically and overseas. The company is headquartered in Fredericksburg, VA (www.eoir.com).
Arlington is one of the most active private equity firms in the government sector, having completed more than twenty transactions over the past five years. Arlington’s current portfolio include Endeavor Robotics – a provider of ground-based robots for use in dangerous and hostile environments; MicroPact – a provider of case management and business process management software; and Quantum Spatial, a geospatial analytics firm.
Arlington Capital Partners will use EOIR to build a national security platform. “As an early mover in smart sensors, video analytics and directed energy research, EOIR is well-positioned to address the country’s key technical priorities,” said Michael Lustbader, a Managing Partner at Arlington. “We plan to grow the company through complementary strategic acquisitions to create a mid-sized, agile platform that is focused on delivering differentiated solutions to the national security community.”
Arlington Capital Partners has $1.5 billion of committed capital and invests in buyouts and recapitalizations of companies valued from $50 million to $500 million. Sectors of interest include government services and technology; aerospace and defense; healthcare; and business services and software. The firm is based in Chevy Chase, MD (www.arlingtoncap.com).
“EOIR is pleased to be partnering with Arlington, a firm with a long and successful history investing in our sector,” said Peter Cannito, who has been promoted to chief executive officer of EOIR with the closing of the transaction. Mr. Cannito had been the company’s chief operating officer. Dr. Joe Mackin, EOIR’s former CEO, becomes a member of the EOIR Board.
“This ownership transition presents a variety of exciting new opportunities for EOIR to continue our rapid growth through increased investments in corporate infrastructure, internal research and development and targeted new capabilities attained through strategic acquisitions,” said Dr. Mackin. “I look forward to continuing to advise the company through its next phase of growth and continuing to serve our customers.”
The White Oak Group, the seller of EOIR, invests in lower middle market companies in the service and technology industries that derive a majority of their revenue from government contracting. Sectors of interest include aerospace and defense; power technology services; and environmental technology and services. The firm is based in Atlanta (www.thewhiteoakgroup.com).
© 2016 Private Equity Professional • 6-28-16
