The private equity firm AE Industrial Partners (AEI) on Wednesday said it has acquired federal services provider Linkware, LLC, and Pangiam, a security and travel consulting firm, to create a new platform under Pangiam as an integrated travel solutions technology company.
Terms of the acquisitions were not disclosed and AEI declined to say how many employees the combined company has.
Pangiam will be led by CEO Kevin McAleenan, an operating partner at AEI and former acting Homeland Security Secretary, commissioner of Customs and Border Protection, and co-founder of the company before its acquisition by AEI.
Patrick Flanagan, another co-founder of Pangiam, will serve as chief operating officer. He previously was acting chief of staff at DHS and CBP, and has served at the Transportation Security Administration and National Security Council.
Linkware provides business intelligence, business management, information technology services, and other services to federal civilian, government contractor and commercial clients. For CBP’s Targeting and Analysis Systems Program Office, Linkware provides custom software development and consulting for case management, search and analytics, and mobile applications. The Linkware brand will be retained.
Linkware also has subject matter expertise in biometrics, national security, intelligence reporting, border protection, immigration, law enforcement and passenger facilitation workflows.
Pangiam services include working with technology providers and airport operators on seamless travel solutions, consulting on all aspects of trade and travel, and the acceleration of emerging technologies to the trade and travel industry. The company says it also offers a fully-integrated pre-clearance technology architecture for enhanced travel security.
Linkware’s co-founders Leo Fthenos, Bobby Paraskevopoulos, Howard Stone and Vasilios Tzeremes will own a “meaningful portion of Pangiam” and will continue to serve as managing directors, AEI said.