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Business/Financial

Private Equity Firm LLR Acquires Northrop Grumman’s Commercial Cyber Business

By Cal Biesecker

Tuesday, January 10th, 2017

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Private Equity Firm LLR Acquires Northrop Grumman’s Commercial Cyber Business

The private equity firm LLR Partners on Monday said it has acquired a cyber security business unit from Northrop Grumman [NOC] and has renamed the business BluVector.LLR said it has committed $50 million to BluVector to support the acquisition and future growth plans. The deal closed on Dec. 30, 2016. Under Northrop Grumman the business unit was called Acuity Solutions Corporation.LLR said that BluVector will operate as a stand-alone business, led by its CEO Kris Lovejoy. Lovejoy was president of…

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