WASHINGTON, DC, February 14, 2018 – Arlington Capital Partners (“Arlington”), a Washington, DC-area private equity firm, today announced its investment in Integrity Applications Incorporated (“IAI” or the “Company”). Based in Chantilly, VA, IAI is a leading provider of systems engineering, integrated solutions, technical analysis, and subject matter expertise to customers in the intelligence and defense communities. Arlington plans to combine the Company with its existing investment in Xebec, a highly specialized provider of human intelligence solutions to the intelligence community, which was previously acquired in September 2017.
David Wodlinger, a Partner at Arlington, said “Over the last twenty years, IAI’s distinguished employee base has supported the most demanding customers in the national security community with unique technical and domain expertise in key areas including space superiority, missile defense, and geospatial intelligence. Through additional investments in human capital and technology, as well as strategic acquisitions, we are excited to support management’s efforts to further broaden IAI’s differentiated capabilities, resulting in superior mission outcomes for its customers and expanded career opportunities for its employees.”
Dave Dzaran, CEO of IAI, commented, “The IAI team is thrilled to join forces with an industry-focused investor like Arlington Capital that shares our vision for the Company’s future. Beginning with our combination with Xebec, we are excited to build a premier intelligence community technology provider with the resources and collective expertise to solve our customers’ most complicated challenges. The legacy that IAI has built will continue and be strengthened by the contributions of our new partners.”
Ben Ramundo of Arlington Capital said, “IAI and its accomplished employees have deep connections to national assets that are managed by the Intelligence Community and Department of Defense. The mission and successful functionality of many of these systems have been guided by the Company’s technology and innovative culture, both of which are dedicated to advancing our nation’s security posture in newly-contested domains.”
“Investing in our employees and providing an environment that allows them to thrive has been the hallmark of IAI’s culture since its founding” said Joe Brickey, co-founder of IAI. “The employees are a critical source of unique expertise on some of our nation’s most important intelligence programs and we are excited to have found a partner who subscribes to the same philosophy as the Company enters its next phase of growth.”
Paul Frommelt, Steven Wear, and Kenneth A. Abeloe, also co-founders of IAI, participated in the recapitalization and will remain involved in IAI’s strategic growth initiatives in the future.
About Arlington Capital Partners
Arlington Capital Partners is a Washington, D.C.-area private equity firm that has managed $2.2 billion of committed capital via four investment funds. Arlington is focused on middle market investment opportunities in growth industries, including: government services and technology, aerospace/defense, healthcare, and business services and software. The firm’s professionals and network have a unique combination of operating and private equity experience that enable Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their Company’s position as leading competitors in their field. www.arlingtoncap.com
About Integrity Applications Incorporated
Integrity Applications Incorporated (IAI) is an engineering and software solutions company with a nationwide presence primarily supporting the intelligence community and other defense and civilian government customers. IAI has specific technical and domain expertise in intelligence, surveillance and reconnaissance systems including radar, electro-optical /infrared and MASINT payloads, ground systems, imagery-based geo-positioning and targeting, photogrammetric analysis, Service Oriented Architectures, unmanned systems, and missile defense. IAI’s headquarters is in Chantilly, Virginia, with additional offices in California, Hawaii, Ohio, Michigan, Pennsylvania, Massachusetts, and Maryland. https://www.integrity-apps.com/
Arlington Capital Partners
5425 Wisconsin Avenue, Suite 200
Chevy Chase, MD 20815
SOURCE: Arlington Capital Partners