Private equity firm LLR Partners has hired industry veterans Jason Rigoli and Michael Levenberg to strengthen its security, defence and government services practice.
Rigoli, who previously worked as vice president of the aerospace, defence, security and government services practice at FBR Capital Markets, will serve as a principal.
Levenberg, pictured, is joining the firm as a senior associate. He has worked in the aerospace and defense investment banking practice at Jefferies as well as the transaction services group at PricewaterhouseCoopers.
Rigoli and Levenberg have worked together for the past two years, said LLR.
The firm said that it aims to increase its investment pace in the sector. The security, defence and government services practice invests in growth businesses with annual revenues of between $25m and $50m.
LLR partner David Stienes said, “The Security, Defense & Government Services sector is an increasingly important area for us.
“Our strength is in supporting innovative business services and technology companies requiring specialized domain knowledge.
“Having worked with Jason and Michael on previous investments, we knew they had the right skills and cultural fit to help enhance the LLR team and build on our momentum in Washington, DC.”
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