Peraton on Thursday said it has sold its systems engineering, integration and support services (SES) business to a portfolio company of the private equity firm Veritas Capital, deal that helps free Peraton to focus on its core capabilities.
Terms of the deal were not disclosed. Peraton is also a portfolio company of Veritas.
The SES business, which will be rebranded, will be led by Damian DiPippa, who previously led Peraton’s Systems Engineering sector. Peraton said the SES business was acquired by
CTFV Acquisition Corp., a portfolio company of Veritas.
Peraton’s financial adviser on the deal was Jefferies.
The divestment follows Peraton’s announcement last week that it acquired ViON Corp.‘s As-A-Service cloud service business, which serves customers in the Defense Department, federal civilian agencies and state governments. Peraton said the deal adds key leaders, employees with security clearances, and new contracts.
Macquarie Capital was Peraton’s financial adviser for the deal with ViON.