Arlington Capital Partners, a prominent private equity investor in the government market, is combining two of its portfolio companies to create a larger defense technology integrator. BlueHalo and Eqlipse Technologies announced on Tuesday that they are joining forces to form a 2,400-employee business with projected annual revenue nearing $1 billion. The transaction is expected to close in the first quarter of the year. Jonathan Moneymaker, current CEO of BlueHalo, will lead the combined company under the same name and maintain its headquarters in Arlington, Virginia.
For Eqlipse, this integration occurs less than a year after the company unveiled itself to the market. Arlington established Eqlipse as a mid-sized integrator of cybersecurity and signals intelligence solutions in the national security sector. Eqlipse then acquired two businesses in the summer and fall, including the purchase of SR Technologies to expand its signals intelligence portfolio. Merged with BlueHalo, the new company aims to enhance the development and implementation of its technologies with increased resources.
Moneymaker stated, “The only constant in global defense is the certainty that threats will continue to evolve, new battlefields will emerge, and the landscape will change.” BlueHalo highlights the combined entity’s core technology areas as including space, counter-unmanned aerial and autonomous systems, electronic warfare, artificial intelligence, digital operations, identity management, cyber, and open source intelligence.
Arlington has facilitated multiple acquisitions for BlueHalo since its establishment in 2020, including two in 2023 to expand its counter-UAS offerings and software-defined radios. One significant contract win for BlueHalo occurred in the spring of 2022, when the company secured a potential $1.4 billion contract with Space Force for the provision of antennas to enhance the branch’s satellite communication capacity.