The advanced engineering solutions company Aegis Technologies has acquired Excivity, giving it new technology capabilities and adding key customers in the intelligence community and Defense Department.
Terms of the deal were not disclosed. Following the deal, Aegis has about $150 million in annual sales and about 420 employees. Excivity brought with it 50 employees.
Aegis, which is based in Huntsville, Ala., said the acquisition deepens its capabilities in cyber and intelligence mission areas. Excivity develops software and hardware and also does assessments and security reviews of technology, advises clients on securely implementing technology, does advanced cyber investigations, and provides cyber security training for travelers into high technical threat environments. One of the Northern Virginia-based company's products is a software-as-a-service for secure communications that Aegis believes it can sell into its current customer base.
Excivity also brings with it relationships with specialized customers in the defense and intelligence space.
Excivity's senior leadership team will remain with Aegis and manage the Excivity business.
Aegis is a portfolio company of Arlington Capital Partners.
Arlington Capital said it is looking to accelerate Aegis' thesis of "leading the transformation of modern warfare" through inorganic investment and capitalizing the business to best serve its customers.
"Aegis is off to a tremendous start and we anticipate significant additional investment into the platform," David Wodlinger, a partner at Arlington Capital, said in a statement.
Aegis provides engineering solutions to customers in the space superiority, directed energy, missile defense, electronic warfare and cyber, C4ISR, and intelligence markets.
The Chertoff Group was Excivity's financial adviser on the deal. Arlington Capital didn't use a financial adviser.
"While everyone has been impacted by COVID-19, experienced deal professionals like Arlington Capital and Aegis are able to cut through the crisis to see long-term strategic opportunity," Jason Kaufman, president of Chertoff Capital, said in a statement. "Excivity has scarcity value, proprietary technology solutions and an elite customer base. Companies with these attributes will continue to thrive during this period of uncertainty."