BlueHalo on Tuesday said it will acquire Eqlipse Technologies in a deal that will add talent, technologies, and scale.
Terms of the pending deal, which is expected to close during the first quarter of 2024, were not disclosed. BlueHalo and Eqlipse are portfolio companies of the private equity firm
Arlington Capital Partners.
Once the transaction is complete, BlueHalo said it will have nearly $1 billion in annual sales and nearly 2,400 employees. Last November, after Eqlipse acquired SR Technologies, the company had $300 million in sales and 800 employees.
“This acquisition clearly catapults us to the forefront of the industry, providing additional size and scale, and solidifying the company’s position as the top alternative to the largest government contractors,” Jonathan Moneymaker, BlueHalo’s CEO, said in a statement. “It furthers our ability to drive unbridled, rapid prototyping and innovative work our customers have come to rely on without the bureaucratic obstacles, which typically slow development and inflate budgets.”
Eqlipse provides customers in the defense and intelligence space arenas with capabilities and products in offense and defensive cyber operations, data science and analytics, tactical mission networks and communications, signals intelligence, electronic warfare, identity management, radio frequency product development and integration, cloud security, and agile software development.
“The strategic combination of BlueHalo and Eqlipse creates a scale of innovation that establishes the combined company as one of the preeminent defense technology platforms in the industry,” David Wodlinger, a managing partner at Arlington Capital, said in a statement.
BlueHalo has products and capabilities in countering unmanned aircraft systems (UAS), space, autonomous UAS, electronic warfare (EW), cyber, artificial intelligence, and intelligence, surveillance and reconnaissance.
BlueHalo said the pending deal will add depth in cyber, expand its open-source intelligence offerings, augment its research and development capabilities, and add to its EW products.