The private equity firm Arlington Capital Partners on Wednesday said it has acquired J&J Worldwide Services, a provider of a range of services to the Defense Department.
Terms of the deal, which includes J&J’s management taking a stake in the company as well, were not disclosed.
Based in Texas, J&J has 3,200 employees in 10 countries providing healthcare environmental services, operations and maintenance, base operations support, engineering solutions, and medical maintenance. Its customers include all the military services and the Coast Guard.
“The company’s offerings have never been more important than right now amid the COVID-19 pandemic in order to protect our customers’ workforce,” Michael Lustbader, a managing partner at Arlington Capital, said in a statement. “Our investment in J&J continues Arlington’s history of building differentiated government services providers in partnership with founders and existing senior management as the company’s first institutional investor.”
J&J’s medical capabilities include aseptic cleaning and turnkey facility services for government hospitals.
Steven Kelley, J&J’s president and CEO, said in a statement that the new investment in the company will allow it to remain independent and pursue new customers.