The private equity firm Arlington Capital Partners on Tuesday said it has agreed to acquire the enterprise collaboration company Exostar from the private equity firm Thoma Bravo.
Terms of the deal were not disclosed. Exostar is based in Northern Virginia and has 225 employees.
About 60 percent of Exostar’s customers are in the aerospace and defense industry, which aligns with Arlington Capital’s focus on government regulated industries. Exostar and Arlington Capital have complementary focus areas in aerospace, defense, government services, and healthcare.
“Arlington’s focus on regulated industries including aerospace and defense, healthcare and life sciences, aligns directly with the markets we serve,” Richard Addi, Exostar’s president and CEO, said in a statement. “This synergy makes them an ideal partner for us as we enter the next stage of our corporate journey.”
That journey is to accelerate the “growth and scale of the business, including enhancing the Exostar Platform with compelling new products and expanding the network of companies we serve,” a company spokesman said. Arlington Capital’s expertise and connections in aerospace, defense, and healthcare will boost growth, he said.
Exostar’s software platform enables secure digital collaboration within and between companies, their customers, partners, and suppliers.
“Exostar plays a critical role in securely facilitating supply chain transactions and broader collaboration between the largest aerospace, defense, and healthcare firms and each of their supply bases,” Ben Ramundo, a principal at Arlington Capital, said in a statement.
The acquisition is subject to regulatory approvals and is expected to close this year.
Arlington Capital’s financial adviser on the deal is Shea & Company. Aeris Partners is Thoma Bravo’s financial adviser.