Bluestone invests in Intrepid Solutions
Bluestone Investment Partners, LLC a McLean, VA-based private equity firm, announced on November 5 the completion of an investment in Intrepid Solutions and Services, Inc. Based in Sterling, VA, Intrepid is a premier provider of enterprise IT, data analysis, and operational training services exclusively to customers in the U.S. Intelligence Community (“IC”).
Bill Strang, co-founder and managing partner of Bluestone said, “We are excited about our partnership with Intrepid. The company has an excellent reputation for delivering quality services and solutions, and its leadership team and talented employees are committed to supporting the important mission of its IC customer base. We are eager to bring additional resources to the Company to expand its reach and services offerings.”
“Bluestone’s principals have a long and successful track record in the defense and national security arena, and they share Intrepid’s mission commitment,” said Ryan Hebert, chief executive officer of Intrepid. “We look forward to leveraging the experience of the Bluestone team as we take Intrepid to the next level.”
“Intrepid has achieved a level of growth and scale that makes it an attractive platform. The company’s accomplishments are especially impressive considering it has not previously utilized outside capital. Bluestone’s value-add capital will support efforts for the Company to accelerate growth both organically and through mergers and acquisitions,” said John Allen, Bluestone co-founder and managing partner.
Bluestone’s investment in Intrepid was supported by a co-investment from Route 2 Capital Partners (“R2CP”), a South Carolina based private investment fund that is licensed as a Small Business Investment Company (“SBIC”) by the U.S. Small Business Administration.