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Veritas Capital: Defense Investment History

15 defense buys: 6 by the firm and 9 add-ons by companies it backs. It sold 4 businesses in that time.

Veritas Capital and the companies it backs made the most defense buys in 2023: 4

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

Bought by the firmAdd-ons by companies it backs
2020 0 + 11
2021 1 + 23
2022 3 + 03
2023 0 + 44
2024 0 + 11
2025 1 + 12
2026 1 + 01

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

TGOs tgos.io

Bought by the firm 6

Aug 202604

Veritas Capital agrees to buy Steampunk for combination with MetroStar

Federal contractor serving Homeland, Federal Civilian, Health, and Defense clients

IT and government servicesSource
UndisclosedPending
Nov 202513

Veritas Capital buys MetroStar

Backed by Blue Delta Capital Partners

AI-enabled digital transformation services and software provider serving the U.S. Defense and National Security communities

IT and government servicesintelligence communitySource
UndisclosedClosed
Oct 202213

CAES sells Frontgrade Technologies to Veritas Capital

Buyer: Veritas Capital

High-reliability, radiation-hardened electronic solutions for space, defense, healthcare and industrial applications

spacecomponents and materialsC4ISR and electronicsSource
UndisclosedClosed Jan 10, 2023
Sep 202215

Veritas Capital buys Chromalloy

Seller: Carlyle

Aftermarket repairs and engine and turbine component solutions for aircraft engines and gas turbines

MRO and sustainmentpropulsioncomponents and materialsSource
UndisclosedClosed Dec 13, 2022
Jul 202226

Veritas Capital buys Epiq Solutions

Small form factor, SWaP-C optimized software defined radio and turnkey RF solutions for mission-critical military and commercial embedded computing applications

EW and sensorsC4ISR and electronicsSource
UndisclosedClosed Jul 26, 2022
Feb 202107

Atlas CC Acquisition takes Cubic private

Backed by Veritas Capital and Evergreen Coast Capital

Cubic Corporation, whose subsidiaries include Cubic Transportation Systems, Inc. and Cubic Defense Applications, Inc.

C4ISR and electronicstraining and simulationSource
$3 billionClosed May 25, 2021

Add-ons by companies it backs 9

Dec 202516

Arcfield buys Rite-Solutions

Backed by Veritas Capital

Rhode Island-based software development, systems engineering and information technology provider with undersea warfare and naval systems expertise

IT and government servicesshipbuilding and maritimeSource
UndisclosedClosed Dec 16, 2025
Apr 202405

Epiq Solutions buys Cyber Radio Solutions

Business that strengthened Epiq's high-performance RF capabilities

EW and sensorsC4ISR and electronicsSource
UndisclosedClosed
Nov 202329

Arcfield buys Orion Space Solutions

Backed by Veritas Capital

Colorado-based developer of end-to-end space mission capabilities and solutions

intelligence communityspaceSource
UndisclosedClosed Nov 29, 2023
Aug 202308

Arcfield buys Strategic Technology Consulting

Backed by Veritas Capital

Model-based systems engineering (MBSE) and digital engineering services and solutions

IT and government servicesSource
UndisclosedClosed Aug 8, 2023
Aug 202307

Frontgrade Technologies buys Aethercomm

Designer and manufacturer of high-power RF solid state power amplifiers, transmit/receive and high-power RF switches

EW and sensorsC4ISR and electronicsspaceSource
UndisclosedClosed Aug 7, 2023
Jan 202312

Epiq Solutions buys Xiphos Systems

High-performance, space-focused computing solutions

spaceC4ISR and electronicsSource
UndisclosedClosed Jan 12, 2023
Sep 202122

Peraton buys ViON as-a-service business

Seller: ViON

As-a-service (aaS) IT infrastructure business of ViON Corporation, including staff, solutions and contracts with federal and state agencies

IT and government servicesSource
UndisclosedClosed Sep 22, 2021
Jan 202127

Peraton takes Perspecta private

U.S. government services provider: mission services, digital transformation and enterprise operations

IT and government servicescyberintelligence communitySource
$7.1 billionClosed May 6, 2021
Dec 202007

Northrop Grumman sells Federal IT and mission support services business to Peraton

Buyer: Peraton

Cybersecurity, data analytics, cloud, mission-critical application development and advanced engineering for government customers

IT and government servicescyberintelligence communitySource
$3.4 billionClosed Jan 30, 2021

Sold 4

Aug 202617

TTM Technologies buys Epiq Solutions

Seller: EDS TopCo, LP

Provider of open-architecture, AI-enabled software-defined radios, high-performance RF products and radiation-tolerant space compute solutions

C4ISR and electronicsEW and sensorsspaceSource
$1.1 billionClosed Sep 30, 2026
Nov 202306

Bain Capital Private Equity buys Guidehouse

Seller: Veritas Capital

a global provider of consulting services to the public sector and commercial markets

IT and government servicesSource
$5.3 billionClosed Dec 14, 2023
Jul 202106

Huntington Ingalls Industries buys Alion Holding

Seller: Veritas Capital

Advanced engineering and R&D services in ISR, military training and simulation, cyber, data analytics and other technology solutions

C4ISR and electronicsIT and government servicescyberSource
$1.65 billionClosed Aug 19, 2021
Mar 202122

Veritas Capital sells Abaco Systems to AMETEK

Buyer: AMETEK

Open-architecture computing and electronic systems for aerospace, defense, and specialized industrial markets

C4ISR and electronicsSource
$1.35 billionClosed Apr 29, 2021

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