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Company

Arlington Capital Partners

Arlington Capital Partners is a private equity firm that invests in industries that serve or are regulated by the government, including aerospace and defense, government services, healthcare and business services. ↗

HeadquartersWashington, D.C. ↗
Founded1999 ↗
LeadershipArlington Capital Partners is led by Managing Partners Matt Altman, Michael Lustbader, Peter Manos and David Wodlinger ↗
OwnershipPrivate ↗
Websitewww.arlingtoncap.com ↗

Deals since 2020

Oct 202619

Arlington Capital Partners takes Gooch & Housego private

UK-based designer and manufacturer of photonic and optical components and subsystems for aerospace & defense, industrial and life sciences markets.

EW and sensorscomponents and materialsOur briefSource
UndisclosedClosed
Apr 202629

Arlington Capital Partners buys ENERCON

Seller: Oaktree Capital Management

A specialized engineering firm with a focus on nuclear and other highly regulated power end markets; merged with Arlington's Pond & Company

nuclearSource
UndisclosedClosed
Mar 202623

Arlington Capital Partners buys Eptec Defence

Seller: Eptec Group

Related platform: Highwater

A remediation and new build preservation services provider for Australian naval defense vessels

MRO and sustainmentshipbuilding and maritimeSource
UndisclosedClosed
Mar 202602

Arlington Capital Partners sells Forged Solutions Group to J.F. Lehman & Company

Buyer: J.F. Lehman & Company

A global provider of complex, precision forgings to aerospace, defense and space customers

aerostructurescomponents and materialspropulsionSource
UndisclosedClosed Mar 2, 2026
Jan 202612

Arlington Capital Partners buys Pond & Company

Seller: DC Capital Partners

A full-service design and engineering firm providing regulatory-driven, high-precision services to the federal government and customers across the energy, infrastructure and life sciences industries

IT and government servicesSource
UndisclosedClosed Jan 12, 2026
Jan 202602

Arlington Capital Partners sells Tex-Tech Industries to Michelin

Buyer: Michelin

A developer and manufacturer of proprietary, highly-engineered solutions serving aerospace, space & defense, and specialty industrial end markets

components and materialsspaceSource
UndisclosedClosed
Dec 202530

TransDigm Group's deal for Stellant Systems is called off

Seller: Arlington Capital Partners

Designer and manufacturer of high-power electronic components and subsystems serving the aerospace and defense end market.

C4ISR and electronicsEW and sensorscomponents and materialsSource
$960 millionCalled off
Feb 202413

BlueHalo merges with Eqlipse Technologies

Seller: Arlington Capital Partners

A provider of differentiated products and solutions to the Department of Defense and Intelligence Community

EW and sensorscyberintelligence communitySource
UndisclosedClosed Mar 1, 2024
Feb 202405

Arlington Capital Partners sells J&J Worldwide Services to CBRE Group

Buyer: CBRE Group

A provider of preventative maintenance, base support operations and facilities maintenance for the U.S. federal government

IT and government servicesMRO and sustainmentSource
Up to $1.05 billionClosed Feb 27, 2024
Jan 202425

Arlington Capital Partners buys Metal Trades

Related platform: Keel

Acquired alongside Merrill Technologies Group and merged with Pegasus Steel to form Keel, a manufacturer of complex structures for Navy, Army and Air Force programs

shipbuilding and maritimecomponents and materialsSource
UndisclosedClosed
Jan 202425

Arlington Capital Partners buys Merrill Technologies Group

Related platform: Keel

Acquired alongside Metal Trades and merged with Pegasus Steel to form Keel, a manufacturer of complex structures for Navy, Army and Air Force programs

shipbuilding and maritimecomponents and materialsSource
UndisclosedClosed
Jan 202404

Arlington Capital Partners buys Walbar

Related platform: Kinetic Engine Systems

Acquired to form Kinetic Engine Systems, a platform for precision aerospace and defense engine components

propulsioncomponents and materialsSource
UndisclosedClosed
Jan 202404

Arlington Capital Partners buys AeroCision

Related platform: Kinetic Engine Systems

Acquired to form Kinetic Engine Systems, a platform for precision aerospace and defense engine components

propulsioncomponents and materialsSource
UndisclosedClosed
Jan 202404

Arlington Capital Partners buys Numet

Related platform: Kinetic Engine Systems

Acquired to form Kinetic Engine Systems, a platform for precision aerospace and defense engine components

propulsioncomponents and materialsSource
UndisclosedClosed
Sep 202326

Arlington Capital Partners buys Exostar

Seller: Thoma Bravo

A company focused on trusted, secure business collaboration in highly regulated industries including aerospace and defense, healthcare and life sciences

IT and government servicescyberSource
UndisclosedClosed Nov 20, 2023
Aug 202302

Arlington Capital Partners buys Integrated Data Services

Also known as: IDS

Provider of software and technology-enabled support and development for federal government customers; flagship software is Comprehensive Cost and Requirement (CCaR)

IT and government servicesSource
UndisclosedClosed Aug 2, 2023
Jun 202314

Arlington Capital Partners buys Pegasus Steel

Related platform: Keel

Provider of complex fabricated steel structures used for the construction of submarines, aircraft carriers and other naval and industrial systems

shipbuilding and maritimeSource
UndisclosedClosed
Dec 202207

Arlington Capital Partners sells Octo to IBM

Buyer: IBM

A pure-play digital modernization solutions provider to the federal government

IT and government servicesintelligence communitySource
UndisclosedClosed
Oct 202106

Arlington Capital Partners buys Systems Planning & Analysis

Provider of systems engineering, modeling and simulation, advanced analytics, strategic advisory, industrial policy and program management to government and defense customers; to be combined with Arlington portfolio company MCR, LLC

IT and government servicesshipbuilding and maritimespaceSource
UndisclosedClosed
Aug 202124

Arlington Capital Partners buys MCR

A provider of cost analysis and engineering and software development expertise to customers in defense, intelligence and critical civilian governmental agencies

IT and government servicesmunitions and missilesspaceSource
UndisclosedClosed
Jun 202107

Arlington Capital Partners sells Molecular Products to Filtration Group

Buyer: Filtration Group

A global provider of pure air technologies and manufacturer of advanced chemistry-based products for the treatment of breathable gases

components and materialsSource
UndisclosedClosed Jun 7, 2021
May 202110

Triumph Group sells Qarbon Aerospace to Arlington Capital Partners

Buyer: Arlington Capital Partners

A provider of large, complex structural components and assemblies such as fuselages, wings, flight control surfaces, and engine nacelles

aerostructuresSource
UndisclosedClosed May 10, 2021
Aug 202019

KBR buys Centauri

Seller: Arlington Capital Partners

Provides high-end engineering and development solutions for national security missions associated with space, intelligence, cyber, and emerging technologies such as directed energy and missile defense

cyberintelligence communityspaceSource
$827 millionClosed Oct 1, 2020
Jul 202008

Arlington Capital Partners buys J&J Worldwide Services

A provider of mission-essential, preventative maintenance activities to critical U.S. Federal Government sites

IT and government servicesMRO and sustainmentSource
UndisclosedClosed Jul 8, 2020

The deal tracker

Other acquisitions

  • Arlington Capital Partners launched Highwater, a global naval services platform, and announced the add-on acquisition of AMP United on July 7, 2026. ↗
  • Arlington Capital Partners acquired Radius Aerospace in 2019; it is headquartered in Hot Springs, Arkansas and serves OEM and Tier 1 aerospace and defense customers. ↗
  • Arlington Capital Partners acquired Kinetic Engine Systems in 2023, a Tier 1 supplier of precision aero-engine components. ↗

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