HERNDON, VA / ACCESSWIRE / November 27, 2023 / 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 completed the acquisition of 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.
The addition of SRT significantly strengthens Eqlipse's electronic warfare ("EW") and signals intelligence ("SIGINT") capability, while expanding its proprietary product portfolio to include custom-designed tactical solutions across mobile satellite communications, Wi-Fi, and Bluetooth signals of interest. With the acquisition of SRT, Eqlipse has approximately 800 employees and $300 million in revenue.
"We're thrilled to welcome SRT to the Eqlipse team and stand ready to get the Company's innovative, next-generation solutions into the hands of customers across our critical mission spaces," said Dennis Kelly, CEO of Eqlipse. "The addition of SRT adds cutting-edge EW products to our portfolio and expands our customer footprint. Importantly, the Company's mission-critical products and highly experienced workforce will provide tremendous value for all aspects of Eqlipse - acting as an innovation accelerant across the platform."
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.
Contact Information
Paul Frommelt
Vice President, Marketing & Communications
[email protected]
703-609-9721
SOURCE: Eqlipse Technologies