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Arlington Capital Partners: Defense Investment History

50 defense buys: 17 by the firm and 33 add-ons by companies it backs. It sold 7 businesses in that time.

Arlington Capital Partners and the companies it backs made the most defense buys in 2024: 10

Buys by the firm and add-ons by companies it backs, by year announced.

Bought by the firmAdd-ons by companies it backs
2020 1 + 78
2021 4 + 59
2022 0 + 44
2023 3 + 69
2024 5 + 510
2025 0 + 44
2026 4 + 26

Source: company, investor and government releases and SEC filings.

TGOs tgos.io

Bought by the firm 17

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
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 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
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
Aug 202103

L3Harris sells Electron Devices and Narda Microwave-West divisions to Affiliate of Arlington Capital Partners

Buyer: Affiliate of Arlington Capital Partners

A provider of RF amplification products for the space, electronic warfare, radar, medical and industrial end markets

C4ISR and electronicsEW and sensorsspaceSource
$185 millionClosed Oct 1, 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
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

Add-ons by companies it backs 33

Jul 202607

Highwater agrees to buy AMP United

Related platform: Highwater

A U.S. provider of naval preservation, structural and scaffolding services

MRO and sustainmentshipbuilding and maritimeSource
UndisclosedAnnounced
Jun 202609

Tyto Athene buys Ready Support Services

Backed by Arlington Capital Partners

Buyer now known as: Quantum Sky

A provider of mission-tailored enterprise service management and cloud migration for U.S. intelligence agencies

IT and government servicesintelligence communitySource
UndisclosedClosed Jun 9, 2026
Oct 202509

Systems Planning & Analysis buys Group W

Backed by Arlington Capital Partners

A data science and defense analytics company focused on modeling and simulation and wargaming

IT and government servicestraining and simulationSource
UndisclosedClosed Oct 9, 2025
May 202508

Tyto Athene buys stackArmor

Backed by Arlington Capital Partners

Buyer now known as: Quantum Sky

A provider of FedRAMP, FISMA/RMF and CMMC/DFARS compliance acceleration, cloud and security automation solutions for government agencies and the industrial base

IT and government servicescyberSource
UndisclosedClosed May 8, 2025
Mar 202519

Systems Planning & Analysis buys Intrepid

Backed by Arlington Capital Partners

An engineering company with prime positions in the missiles and space, enterprise modernization, and aviation and mission support domains

IT and government servicesmunitions and missilesspaceSource
UndisclosedClosed Mar 19, 2025
Mar 202504

Systems Planning & Analysis buys Proximity Advisory Services

Backed by Arlington Capital Partners

IT and government servicesSource
UndisclosedClosed Mar 4, 2025
Nov 202417

Spirit AeroSystems sells Fiber Materials to Tex-Tech Industries

Buyer: Tex-Tech Industries · Backed by Arlington Capital Partners

Related platform: FMI Industries

Multidirectional reinforced composites for high-temperature uses such as thermal protection systems, re-entry vehicle nose tips, and rocket motor throats and nozzles

components and materialsmunitions and missilesspaceSource
$165 millionClosed Jan 13, 2025
Nov 202413

Tyto Athene buys Key Solutions

Backed by Arlington Capital Partners

Buyer now known as: Quantum Sky

A Washington, D.C. area firm providing expert bid and proposal development consulting and support

IT and government servicesSource
UndisclosedClosed Nov 13, 2024
Jun 202404

Tyto Athene buys MindPoint Group

Backed by Arlington Capital Partners

Buyer now known as: Quantum Sky

A provider of end-to-end managed cybersecurity services to U.S. federal agencies and organizations

IT and government servicescyberSource
UndisclosedClosed Jun 30, 2024
Apr 202408

Tyto Athene buys Microtel

Backed by Arlington Capital Partners

Buyer now known as: Quantum Sky

A software development and systems engineering firm deeply embedded in long-term, space missions for NASA and international space programs

IT and government servicesspaceSource
UndisclosedClosed Apr 8, 2024
Mar 202407

Systems Planning & Analysis buys ManTech technical advisory services programs

Seller: ManTech · Backed by Arlington Capital Partners

ManTech's DARPA, Office of the Secretary of Defense Strategic Capabilities Office and select National Reconnaissance Office technical advisory services programs

IT and government servicesintelligence communitySource
UndisclosedClosed Mar 7, 2024
Nov 202329

BlueHalo buys Ipsolon Research

Backed by Arlington Capital Partners

A designer and manufacturer of high-performance, ultra-small form factor Software Defined Radios

C4ISR and electronicsEW and sensorsSource
UndisclosedClosed Nov 29, 2023
Nov 202301

Eqlipse Technologies buys SR Technologies

Backed by Arlington Capital Partners

A provider of signals intelligence and electronic warfare technologies

EW and sensorsintelligence communitySource
UndisclosedClosed
Oct 202312

Stellant Systems buys Power Systems Technology product line

Seller: Comtech Telecommunications · Backed by Arlington Capital Partners

Comtech's solid-state power amplification (PST) product line

C4ISR and electronicscomponents and materialsSource
Up to $40 millionClosed Nov 7, 2023
Sep 202306

Systems Planning & Analysis buys PRKK

Backed by Arlington Capital Partners

A firm focused on Space Domain Awareness and Space Superiority, doing large cross-domain studies and analyses

IT and government servicesintelligence communityspaceSource
UndisclosedClosed Sep 6, 2023
Apr 202303

BlueHalo buys Verus Technology Group

Backed by Arlington Capital Partners

A designer and integrator of counter-unmanned aerial systems products using radio frequency and digital signal processing technologies

EW and sensorsautonomy and dronesSource
UndisclosedClosed Apr 3, 2023
Feb 202316

Tex Tech Industries buys SGL Carbon Gardena site

Seller: SGL Carbon · Backed by Arlington Capital Partners

Related platform: FMI Industries

The operating assets of SGL Carbon's Gardena, California site, a developer and manufacturer of high-temperature composite materials and components

components and materialsSource
UndisclosedClosed Feb 16, 2023
Dec 202209

Forged Solutions Group buys Continental Forge

Backed by Arlington Capital Partners

A provider of precision near-net shape forged and machined solutions to the military and commercial aerospace industries

aerostructurescomponents and materialsSource
UndisclosedClosed
Nov 202217

Forged Solutions Group buys Steel Industries

Backed by Arlington Capital Partners

A vertically integrated manufacturer of open die forgings and seamless rolled rings for aerospace and defense, space, and industrial markets

aerostructurescomponents and materialsSource
UndisclosedClosed
Sep 202206

Systems Planning & Analysis buys ORCA unit of Metron

Seller: Metron · Backed by Arlington Capital Partners

Metron's Operations Research & Cyber Analysis division, specializing in operations research, systems of systems engineering, model-based system engineering, and digital engineering

IT and government servicesshipbuilding and maritimetraining and simulationSource
UndisclosedClosed Sep 6, 2022
Jan 202210

Tyto Athene buys Qbase

Backed by Arlington Capital Partners

Buyer now known as: Quantum Sky

A pure-play provider of network modernization solutions and IT digital transformation services

IT and government servicescyberSource
UndisclosedClosed Jan 10, 2022
Nov 202123

BlueHalo buys Asymmetrik

Backed by Arlington Capital Partners

A developer of software solutions and technology tools for Intelligence Community programs, including Open Source Intelligence

IT and government servicescyberintelligence communitySource
UndisclosedClosed Nov 23, 2021
Nov 202108

BlueHalo buys Citadel Defense

Backed by Arlington Capital Partners

A San Diego developer of counter unmanned aerial systems technology

EW and sensorsautonomy and dronesSource
UndisclosedClosed Nov 8, 2021
Aug 202119

BlueHalo buys Intelligent Automation

Backed by Arlington Capital Partners

A Rockville, MD provider of advanced technology development and productized solutions in AI/ML, cybersecurity, hypersonics, space, 5G, data analytics, and RF/communications

C4ISR and electronicscybermunitions and missilesSource
UndisclosedClosed
Jul 202106

BlueHalo agrees to buy DDES

Backed by Arlington Capital Partners

An Albuquerque, NM designer and manufacturer of space-qualified electronic systems for spacecraft

C4ISR and electronicsspaceSource
UndisclosedAnnounced
Mar 202103

Tyto Athene buys AT&T Government Solutions

Seller: AT&T · Backed by Arlington Capital Partners

Buyer now known as: Quantum Sky

AT&T's Department of Defense IT professional services business and select other contracts

IT and government servicesSource
UndisclosedClosed Apr 2021
Dec 202021

BlueHalo buys Fortego

Backed by Arlington Capital Partners

A Maryland-based provider of advanced SIGINT and cyber operations solutions, including cyber analytics, vulnerability research, and CNO engineering

cyberintelligence communitySource
UndisclosedClosed Dec 21, 2020
Dec 202021

BlueHalo buys Base2

Backed by Arlington Capital Partners

A Maryland-based provider of cyber solutions across Computer Network Operations, Signals Intelligence and Quick Reaction Capability

cyberintelligence communitySource
UndisclosedClosed Dec 21, 2020
Dec 202015

Octo merges with Sevatec

Backed by Arlington Capital Partners

A Fairfax-based provider of mission-critical software development solutions and digital modernization services to the Federal Government

IT and government servicesSource
UndisclosedClosed
Oct 202029

AEgis Technologies buys Brilligent Solutions

Backed by Arlington Capital Partners

Acquired and combined with AEgis and Applied Technology Associates to form BlueHalo, a provider of advanced engineering solutions and technology to the national security community

spaceEW and sensorsSource
UndisclosedClosed
Oct 202029

AEgis Technologies buys Applied Technology Associates

Backed by Arlington Capital Partners

Acquired and combined with AEgis and Brilligent to form BlueHalo, a provider of advanced engineering solutions and technology to the national security community

C4ISR and electronicsEW and sensorscyberSource
UndisclosedClosed Oct 29, 2020
Apr 202007

AEgis Technologies buys Excivity

Backed by Arlington Capital Partners

A developer of mission-enabling technologies, including specialized security applications and situational awareness toolsets

cyberintelligence communitySource
UndisclosedClosed Apr 7, 2020
Feb 202018

Cadence Aerospace buys Premier Processing

Backed by Arlington Capital Partners

A provider of surface finishing and special processing capabilities for aerospace and defense customers

components and materialsaerostructuresSource
UndisclosedClosed

Sold 7

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 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
Nov 202419

AeroVironment merges with BlueHalo

Seller: BlueHalo Holdings Parent · Backed by Arlington Capital Partners

Provider of capabilities in Space, C-UAS and Autonomous Systems, Electronic Warfare and Cyber, and AI/ML.

EW and sensorsautonomy and dronescyberSource
$4.1 billionClosed May 1, 2025
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
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
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
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

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