Arlington Capital Partners Announces the Acquisition of Black Box’s Government Solutions Business, Forming Tyto Athene
August 27 2018 - 5:37PM
Business Wire
Arlington Capital Partners (“Arlington”), a Washington, DC-based
private equity firm, today announced it has completed the
acquisition of the Government Solutions division of Black Box
Corporation (NASDAQ: BBOX). Going forward, the business will
operate independently as Tyto Athene (the “Company” or “Tyto
Athene”). Tyto Athene is a full-service systems integrator and
managed services provider of communications systems for Department
of Defense and Civilian agency enterprise operations worldwide.
Tyto Athene will be led by the existing management team,
including Jeff Murray, the current Senior Vice President of Black
Box Government Solutions, as CEO. Chris Meilhammer has been
appointed the Company’s COO, and Jason Alexander will continue to
lead the Company’s service delivery teams as Vice President of
Operations. In connection with the transaction, Arlington Capital
partnered with the former CEOs of Black Box Corporation, Terry
Blakemore and Mike McAndrew, who will join the Board of
Directors.
Michael Lustbader, a Managing Partner at Arlington, said, “We
have been very impressed with the management team and the
differentiated solutions that the Company provides to their
government clients as well as the Company’s ability to develop new
technologies such as the Acuity Micro Data Center; we believe that
this technology will successfully address a strategic gap at the
edge of the information infrastructure of Tyto Athene’s clients.
Additionally, we believe that the Company will benefit from a
number of secular tailwinds that will allow it to continue its
strong performance as the U.S. government modernizes its legacy IT
infrastructure.”
“As an independent company dedicated to developing solutions to
the increasingly complex information needs of our clients, Tyto
Athene will have a greater level of flexibility to meet those
needs,” said Jeff Murray. “Our stakeholders can rest assured that
the Company is on sound financial footing, and that we will
continue to provide our clients the services and solutions to meet
their business and mission needs. Arlington has a successful
history of building market-leading government services businesses
and we are excited to partner with Arlington to form Tyto
Athene.”
Gordon Auduong, a Vice President of Arlington, added, “We are
impressed with the Company’s proven past performance on
highly-recurring managed services contracts, which provide the
business with significant revenue visibility, as well as successful
execution on large, multifaceted projects. We believe that
Arlington can provide the strategic support and necessary
investments to accelerate this exciting platform. We are looking
forward to partnering with the management team to help them build
Tyto Athene.”
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 Tyto Athene
Tyto Athene is a full service systems integrator focused on
helping clients accelerate their ability to make decisions by
providing ubiquitous and secure access to enterprise information
throughout their operating environment. Tyto Athene uses a myriad
of technologies, innovative thinking, and proven processes to
deliver successful outcomes for it’s clients worldwide. To learn
more about Tyto Athene please visit www.GoTyto.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180827005593/en/
Arlington Capital PartnersMichael Lustbader & Gordon
Auduong5425 Wisconsin Avenue, Suite 200Chevy Chase, MD
20815202-337-7500orTyto AtheneGregory Nicholson510 Spring St, Suite
200Herndon, VA 20170703-885-7848gnicholson@gotyto.com
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