Arlington Capital completes deal for US DoD software, services business

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Washington DC-based Arlington Capital Partners has bought the government solutions division of Nasdaq-listed Black Box Corporation.

Arlington said the business will operate independently as Tyto Athene, a full-service systems integrator and managed services provider of communications systems for US Department of Defense and civilian agency enterprise operations worldwide.

Michael Lustbader, a managing partner at Arlington, said, “We have been very impressed with the management team and the differentiated solutions that the company provides to their government clients as well as the company’s ability to develop new technologies such as the Acuity Micro Data Center.

“We believe that this technology will successfully address a strategic gap at the edge of the information infrastructure of Tyto Athene’s clients.

“Additionally, we believe that the company will benefit from a number of secular tailwinds that will allow it to continue its strong performance as the US government modernizes its legacy IT infrastructure.”

Arlington, which has about $2.2bn of capital across four funds, is focused on mid-market investments in industries including government services and technology, aerospace and defence, healthcare, and business services and software.

The firm closed its oversubscribed fourth fund at its $700m hard cap in August 2016, after just three months on the road.

Arlington Capital Partners IV smashed its initial target of $575m, with commitments coming from public pension funds, corporate pension funds, insurance companies, fund of funds and foundations.

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