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Arlington Capital Partners Announces The Acquisition Of Pegasus Steel

Jun 14, 2023•over 2 years ago

Acquiring Company

Arlington Capital Partners

Acquired Company

Pegasus Steel

WashingtonVenture CapitalBuilding MaterialConstructionManufacturing

Description

Arlington Capital Partners (“Arlington”), a Washington, DC-area private equity firm, today announced that it has acquired Pegasus Steel LLC (“Pegasus” or the “Company”), a leading provider of complex fabricated steel structures used for the construction of submarines, aircraft carriers and other naval and industrial systems. Pegasus is headquartered near Charleston, South Carolina with approximately 350,000 square feet of manufacturing space. Tony Deering, Pegasus’ Founder & CEO, will continue to operate the Company along with the rest of the current management team after closing.

Company Information

Company

Arlington Capital Partners

Location

Washington, District Of Columbia, United States

About

Arlington Capital Partners is a Washington, DC-based private equity firm that is currently investing out of Arlington Capital Partners V, L.P., a $1.7 billion fund. The firm has managed approximately $4.0 billion of committed capital via five investment funds. Arlington is focused on middle market investment opportunities in growth industries including government services and technology, aerospace & defense, healthcare, and business services and software. The firm’s professionals and network have a unique combination of operating and private equity experience that enable Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their Company’s position as leading competitors in their field. www.arlingtoncap.com

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed