Arlington Capital Partners acquires EOIR Technologies

EOIR newArlington Capital Partners (“Arlington”), a Washington, DC-area private equity firm, announced on June 24 the acquisition of EOIR Technologies, Inc. (“EOIR”). Based in Fredericksburg, VA, EOIR provides state-of-the-art technology solutions to the Department of Defense and Intelligence Community.

EOIR has 35 years of experience providing advanced solutions in cloud computing, big data analytics, advanced visualization, C4ISR, spectrum-related information dominance, smart sensing, training and simulation, and rapid prototyping. EOIR has approximately 400 employees in 11 U.S. offices as well as client sites domestically and overseas. In the last year, the Company has won prime positions on several large contract vehicles including Technical Information Engineering Services ($995 million ceiling with U.S. Army CERDEC), Electromagnetic Maneuver Warfare Command & Control ($800 million ceiling with the Office of Naval Research), and Persistent Surveillance – Intelligence, Surveillance and Reconnaissance Analytic Software ($250 million ceiling with the Army Research Lab).

Michael Lustbader, a managing partner at Arlington, said, “As an early mover in smart sensors, video analytics and directed energy research, EOIR is well-positioned to address the country’s key technical priorities. We plan to grow the company through complementary strategic acquisitions to create a mid-sized, agile platform that is focused on delivering differentiated solutions to the national security community. Through a mix of organic and inorganic investments, EOIR will expand its capabilities into new areas for broader support of the current customer base, as well as bring EOIR’s deep technical expertise into new markets.”

Arlington’s investment in EOIR follows on the heels of recent realizations of its investments in Novetta Solutions and Compusearch Software Systems. Arlington remains one of the most active private equity firms in the government sector, having completed greater than twenty transactions over the past five years. Arlington’s current investments include Endeavor Robotics (previously iRobot Defense & Security), the world’s largest independent provider of ground-based robots for use in the most dangerous and hostile environments; MicroPact, a leading provider of case management and business process management (BPM) software; and Quantum Spatial, a geospatial analytics firm.

Peter Cannito, who has been elevated to CEO of EOIR concurrent with the transaction, commented, “EOIR is pleased to be partnering with Arlington, a firm with a long and successful history investing in our sector. We’ve delivered substantial growth over the last several years, and secured key large prime contracts with our customers throughout the research and development community. Having the backing of Arlington will only serve to accelerate our growth and help us to capitalize upon our current and future opportunities.”

David Wodlinger, a principal at Arlington added, “EOIR has a distinguished history of providing advanced research and development, engineering and design solutions that address our military and intelligence agencies’ key technical challenges. EOIR’s ability to deliver innovation to customers throughout a program’s lifecycle makes it an ideal platform for Arlington as we seek to build a national security platform that advances the community’s capabilities through investments in research and development and proprietary technology.”

Dr. Joe Mackin, EOIR’s former CEO and ongoing member of the EOIR Board, said “EOIR Technologies has been supporting our customers with the highest standards of integrity, commitment and technical excellence for over three decades. This ownership transition presents a variety of exciting new opportunities for EOIR to continue our rapid growth through increased investments in corporate infrastructure, internal research and development and targeted new capabilities attained through strategic acquisitions. I look forward to continuing to advise the company through its next phase of growth and continuing to serve our customers.”

Terms of the transaction were not disclosed.

Source: Arlington Capital Partners