Arlington Capital announces majority stake in AEgis
Arlington Capital Partners, a Washington, DC-based private equity firm, announced on October 22 that it has agreed to make a majority investment in AEgis Technologies. Headquartered in Huntsville, AL, AEgis provides advanced engineering and technology expertise to customers in the National Security community. Jonathan Moneymaker, a veteran government contracting executive with over 20 years of national security and technology experience, will join the company as chief executive officer and serve on the board of directors.
David Wodlinger, a partner at Arlington, said, “AEgis has established itself as a preeminent provider of differentiated solutions that address critical national security objectives in the domains of space superiority, directed energy, and missile defense. We are partnering with AEgis to increase investment in these core areas to deliver impactful innovations to our customers that are working on these evolving, high priority missions.”
“Throughout AEgis’ nearly 30-year history, our employees have strived to develop innovative technical solutions for the military so that our warfighters can come home safely,” said Steve Hill, co-founder of AEgis. “We have found a partner in Arlington that will remain committed to this mission as the Company enters its next phase of growth.”
Hill will remain a substantial shareholder in AEgis and will continue to provide strategic guidance to the company as a member of the board of directors.
“I’m thrilled to join the AEgis family and partner with Arlington on building their newest platform. AEgis’ growth has been remarkable and is a testament to the deep mission intimacy and differentiated solutions the Company delivers to its national security customers,” Moneymaker said. “I look forward to working with our talented management team and dedicated employees as we continue to drive growth and execute the vision of becoming a first class provider of national security technology across our customers’ most critical and fastest growing domains of warfare.”
Moneymaker was most recently president of Altamira Technologies, a provider of engineering and analytical solutions to the Defense and Intelligence communities, where he led the company through a period of transformational growth. Prior to that, he was General Manager of the Intelligence Systems Group at Boeing where he was responsible for more than 1,000 employees providing specialized services to the Intelligence and Special Operations communities.
Henry Albers, a vice president at Arlington, said, “AEgis has built a reputation for technical excellence and commitment to the mission, making the Company an employer of choice for high caliber professionals. We are excited to partner with Jonathan and the AEgis management team to build on that tradition and accelerate the Company’s growth by investing in internal research and development as well as pursuing strategic acquisition opportunities.”
Source: Arlington Capital Partners