HERNDON, Va., November 1, 2023 (Newswire.com)
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Eqlipse Technologies (“Eqlipse”), a leading provider of differentiated products and high‑end engineering solutions to the Department of Defense (DoD) and Intelligence Community (IC), today announced it has agreed to acquire SR Technologies (“SRT” or the “Company”). Eqlipse is a portfolio company of Arlington Capital Partners (“Arlington”), a Washington, D.C.-area private equity firm with extensive experience investing in regulated industries. Financial terms were not disclosed.
Founded in 1998, SRT is a critical provider of signals intelligence (“SIGINT”) and electronic warfare (“EW”) technologies to leading governmental, military, and commercial organizations worldwide. Operating out of the Company’s 77,000 square foot facility near Fort Lauderdale, Florida, the Company’s portfolio includes custom-designed tactical solutions across mobile satellite communications, Wi-Fi, and Bluetooth signals of interest (“SOIs”) to support the most demanding DoD, IC, U.S. Federal Law Enforcement, and ally missions in the harshest environments.
“We are proud to have SRT join the Eqlipse team and further expand our technical offerings to modernize the military’s capabilities and deliver critical, cutting-edge technologies into the hands of the warfighter,” said Dennis Kelly, CEO of Eqlipse. “The forward-leaning investments that SRT has made in developing next-generation SIGINT and EW solutions securely position SRT for future critical programs and aligns directly with the mission and ethos of Eqlipse.”
“We are thrilled to join Eqlipse and continue to drive and develop innovative, next-generation solutions into the hands of our customers,” said Rick Lund, Founder & Chairman, SRT. “Aligning with Eqlipse – and the additional resources the combined company brings to bear – will further allow us to deliver critical capabilities to an expanding base of both new and existing customers.”
SRT’s product offerings include its Windjammer, LANShark and BlueFin solutions. The Company has been granted 51 U.S. patents covering satellite communications, Wi-Fi, and Bluetooth SOIs. In addition, SRT has positioned itself as an industry leader in open standards-based offerings that promote the type of modularity, scalability, and interoperability that the U.S. Government requires to facilitate technology innovations, mission planning, and awareness in support of EW.
David Wodlinger, a Managing Partner at Arlington Capital Partners, said “Eqlipse is focused on bringing innovation to our customers’ missions through research and development, novel technologies, and market leading capabilities for complex problems. SRT’s culture of innovation, cutting-edge products, and a dedicated team are natural fit with Eqlipse and we are excited about the technology that we can build together.
Henry Albers, a Vice President at Arlington Capital Partners, said “SRT has reached an inflection point as its proprietary SIGINT and EW products are positioned to define critical modernization programs across the national security community. With access to the infrastructure and resources of Eqlipse, we are confident that the Company will continue to be a leading innovator in these domains.”
The transaction is expected to close in the fourth quarter of 2023, subject to regulatory approvals and customary closing conditions.
Cadence M&A Advisors and Polsinelli PC served as financial advisor and legal counsel to SRT, respectively. Goodwin Proctor served as legal counsel to Eqlipse Technologies.
Source: Eqlipse Technologies
