Veritas Capital buys McNeil Technologies

The New York defense investor has acquired the security and intelligence company, which services the US military, national security and Homeland Defense market.

New York-based Veritas Capital has completed the acquisition of McNeil Technologies.

The amount of the transaction was not disclosed.

The Springfield, Virginia-based company provides intelligence, security and other professional services to the US military, national security and Homeland Defense market. McNeil is also one of the three private contractors used by the Transportation Security Administration (TSA) to supply airport passenger and baggage screeners.

In a statement, Veritas president and founder Robert McKeon said that McNeil also played “a critical role in the US efforts.”

Aronson Capital Partners served as the exclusive advisor and initiated and structured this transaction on behalf of McNeil.

Founded in 1992, Veritas Capital invests in a broad range of companies through middle market buyouts, growth capital investments, and leveraged recapitalizations, with an emphasis on the defense industry. Most recently in April, Veritas sold TRAK Communications, a microwave sub-systems manufacturer to military and civil engineering group Smiths for $115.5 million. Back in December, the firm agreed to acquire military food-ration company Wornick in a transaction valued at $155 million.