Jul 202621
Bluestone Investment Partners agrees to buy Delphinus Engineering
a provider of maintenance, modernization and industrial services supporting the U.S. Navy and maritime defense community
UndisclosedAnnounced
Tracker · Private equity
Bluestone Investment Partners: Defense Investment History
25 defense buys: 8 by the firm and 17 add-ons by companies it backs. It sold 3 businesses in that time.
Bluestone Investment Partners and the companies it backs made the most defense buys in 2026: 7
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 + 23
2021 2 + 24
2022 0 + 11
2023 1 + 34
2024 2 + 35
2025 0 + 11
2026 2 + 57
Source: company, investor and government releases and SEC filings.
TGOs tgos.io
Bought by the firm 8
Jul 2026
Bluestone Investment Partners agrees to buy Swift Ascent
a provider of mission-critical support, with subject matter experts in software development, artificial intelligence, cyber, and aerospace technology
UndisclosedAnnounced
Dec 202418
Bluestone Investment Partners buys Valiant Solutions
a provider of enterprise-wide cybersecurity services for Federal agencies
UndisclosedClosed Nov 2024
Aug 202422
Bluestone Investment Partners buys Qualis
a missile defense and space systems technology business based in Huntsville, Alabama
UndisclosedClosed
May 202309
Bluestone Investment Partners buys Precise Systems
a Lexington Park, Maryland-based provider of mission readiness and software development services
UndisclosedClosed
Sep 202109
Bluestone Investment Partners buys cBEYONData
a professional services and solutions company supporting mission-driven agencies with business process automation, cloud migrations, business intelligence, data management and data analytics
UndisclosedClosed
May 202125
Bluestone Investment Partners buys Chesapeake Technology International
a contractor that provides software and systems development services to defense customers
UndisclosedClosed
Mar 202010
Bluestone Investment Partners buys Continental Mapping Consultants
a rapidly growing geospatial data analytics and mapping solutions provider
UndisclosedClosed
Add-ons by companies it backs 17
Nov 202605
Swift Ascent buys MMAX
Backed by Bluestone Investment Partners
A firm specializing in space technologies and acquisition, supporting the Intelligence Community with business, strategy, and engineering management services.
UndisclosedClosed
Nov 202603
Delphinus Engineering agrees to buy Professional Analysis
Backed by Bluestone Investment Partners
Alexandria, Virginia, provider of logistics, materials management and program support services to the U.S. Navy, U.S. Marine Corps and other Department of War customers
UndisclosedAnnounced
Aug 202605
Precise Systems buys Ternion
Backed by Bluestone Investment Partners
a Huntsville, Alabama-based developer of advanced modeling and simulation software, creator of the FLAMES simulation framework
UndisclosedClosed
Jun 202602
Valiant Solutions buys BreakPoint Labs
Backed by Bluestone Investment Partners
a highly specialized cybersecurity company delivering AI-enabled cyber operations, adversarial threat emulation and red team operations, and modern DevSecOps capabilities
UndisclosedClosed
Feb 202617
Valiant Solutions buys Abile Group
Backed by Bluestone Investment Partners
a provider of secure network and cyber engineering services and technology
UndisclosedClosed
Sep 202509
Precise Systems buys Mission Focused Systems
Backed by Bluestone Investment Partners
a Royersford, Pennsylvania-headquartered provider of systems engineering, cybersecurity, and research, experimentation and prototyping solutions
UndisclosedClosed
Sep 202405
Precise Systems buys Tucson Embedded Systems
Backed by Bluestone Investment Partners
a Tucson, Arizona-based provider of high-performance computing systems and software solutions
UndisclosedClosed
Apr 202401
Chesapeake Technology International buys Asymmetric Technologies
Backed by Bluestone Investment Partners
a developer of open-source technology, including the IronClad and Whisper products for flight autonomy and edge communications
UndisclosedClosed
Mar 202419
Precise Systems buys JHT
Backed by Bluestone Investment Partners
a provider of advanced training and simulation solutions, based in Orlando, Florida
UndisclosedClosed Feb 16, 2024
Nov 202321
Precise Systems buys Excet
Backed by Bluestone Investment Partners
a Springfield, Virginia-based provider of scientific research and engineering services
UndisclosedClosed Nov 10, 2023
Apr 202320
Chesapeake Technology International buys Rapid Imaging Technologies
Backed by Bluestone Investment Partners
a developer of software and imaging solutions that put real-time geospatial situational awareness information on live video
UndisclosedClosed
Feb 202322
cBEYONData buys Summit2Sea Consulting
Backed by Bluestone Investment Partners
a provider of data analytics, robotic process automation, and enterprise application modernization
UndisclosedClosed
Mar 202230
cBEYONData buys Alta Via Consulting
Backed by Bluestone Investment Partners
a provider of ERP consulting services centered around improving clients' operations by maximizing value from existing business processes and information systems
UndisclosedClosed
Jul 202114
Intrepid Solutions and Services buy Darkblade Systems
Backed by Bluestone Investment Partners
an intelligence solutions firm
UndisclosedClosed
Feb 202101
Continental Mapping Consultants buys GISinc
Backed by Bluestone Investment Partners
a provider of GIS-enabled services and solutions
UndisclosedClosed
Oct 202020
Continental Mapping Consultants buys TSG Solutions
Backed by Bluestone Investment Partners
a global provider of situational awareness, geospatial services, and proprietary solutions for secured and unclassified environments
UndisclosedClosed
May 202006
Intrepid Solutions and Services buy Delta Solutions and Strategies
Seller: Delta Solutions and Strategies · Backed by Bluestone Investment Partners
a business unit whose assets include the General Services Administration OASIS Pool 4 contract vehicle
UndisclosedClosed
Sold 3
Jul 202501
Parsons buys CTI
Seller: Bluestone Investment Partners
Maryland-based all-domain technology solutions provider.
$89 millionClosed Jul 1, 2025
Feb 202511
SMX buys cBEYONData
Seller: Bluestone Investment Partners
a provider of implementation, design, and managed service capabilities, and of budget management and financial analytics solutions
UndisclosedClosed
Feb 2023
NV5 Global buys Axim Geospatial
Seller: Bluestone Investment Partners
a provider of comprehensive geospatial services and solutions addressing critical mission requirements for customers across the defense and intelligence and state and local government sectors
UndisclosedClosed Feb 22, 2023
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