Arlington builds out IT platform in $100m deal

Washington, DC-based Arlington Capital Partners has added on a US Navy contractor to its information technology services platform.

Arlington Capital Partners today announced the acquisition of Science & Engineering Associates, based in New Orleans, in a transaction valued at approximately $100 million (€79 million). SEA has since 1980 been the lead contractor for the US Navy’s Space and naval Warfare Information Technology Center, according to a press release.


The add-on is the second deal in Arlington Capital’s strategy to build a government services-focused IT platform. Last March, Arlington committed $75 million to a platform company called ITS Services, headed by three former senior executives of federal IT services company BDM International: Paul Leslie, Phil Odeen and Todd Stottlemyer.


Arlington Capital partner Jeffrey Freed leads the ITS Services strategy for the firm.


The combined company now has revenue of roughly $200 million, according to the release. It will provide IT services, engineering, and research and development work to defense, intelligence, “homeland security”, and other government clients.


Arlington Capital has more than $450 million of committed capital. The firm invests in the media and communications, business services, outsourcing and IT services sectors.


The firm recently scored big with the exit of flight and weapons training company NLX, which was sold to Rockwell Collins for $125 million. Arlington Capital had purchased the company just a few months earlier with $25 million in equity.


Arlington Capital is also currently consolidating radio stations throughout the US through platform company Cherry Creek Radio.