Chantilly, Va. (Sept. 19, 2023) – VTG, a leading provider of modernization and digital transformation solutions for the Defense and Intelligence Community, has announced a significant milestone in its growth journey. , a prominent middle-market private equity firm, has made a majority investment in VTG, signaling a new chapter of expansion and innovation for the company. This strategic partnership aims to accelerate VTG’s growth trajectory, fuel investments in critical emerging technologies, and create exciting new career opportunities for its employees.
John Hassoun, President and CEO of VTG, expressed immense enthusiasm about the future, stating, “I have never been more enthusiastic or optimistic about VTG’s future. This partnership with A&M Capital Partners will accelerate VTG’s growth trajectory, allowing us to make investments in the emerging capabilities and technologies most needed by our customers, and providing our employees with tremendous new career opportunities.”
VTG boasts a rich history dating back to 1866, providing advanced engineering solutions across a wide spectrum of naval warships and submarines, diverse aircraft, and comprehensive C5ISR, combat, and weapon systems. The company is also at the forefront of developing cutting-edge undersea and autonomous technologies for the U.S. Navy, while delivering vital digital solutions and specialized mission support to the U.S. Intelligence Community. Prior to this investment, VTG had been a successful portfolio company of The Jordan Company (TJC) since 2012. This transaction marks TJC’s successful exit from its ownership of VTG.
Jack McCarthy, Managing Partner and Founder of A&M Capital Partners, conveyed his excitement about the new alliance: “We are very excited about our partnership with VTG. The Company’s strong portfolio of long-tenured contracts supported by a highly experienced leadership team positions the business well for continued growth over the coming years.” This sentiment was echoed by Alex Nivelle, a Partner at A&M Capital Partners, who added, “We view VTG as a highly attractive platform with differentiated technical and delivery capabilities. VTG is well positioned for expansion across its Defense and Intelligence Community customer base, and we look forward to working with the management team to pursue a hybrid organic and acquisition-driven growth strategy.”
This investment underscores A&M Capital Partners‘ strategic focus on partnering with companies that possess strong market positions and significant growth potential within key sectors. VTG’s proven track record in delivering critical modernization and digital transformation solutions within the defense and intelligence communities aligns perfectly with A&M Capital Partners‘ investment philosophy. The partnership is expected to leverage A&M Capital Partners‘ operational expertise and financial resources to further strengthen VTG’s capabilities and market reach. This includes potential strategic acquisitions to complement VTG’s organic growth and expand its service offerings in high-demand areas.
A&M Capital Partners: Strategic Investments in Growth
A&M Capital Partners, a leading private equity firm with $3.3 billion in total assets under management, is Alvarez & Marsal Capital’s flagship investment strategy focused on control transactions within the North American middle market. The firm has built a strong reputation as a trusted partner for founders, corporations, and management teams. A&M Capital Partners provides not only essential capital but also strategic guidance to propel businesses to greater heights. Their investment portfolio spans a diverse array of sectors, including Business Services, Industrials, Manufacturing, Food & Beverage, Healthcare, Consumer & Retail, Government Services, Financial Services, and Energy Services.
VTG: Driving Modernization in the Battlespace
VTG is dedicated to delivering modernization and digital transformation solutions that enhance America’s competitive edge in the modern battlespace. Headquartered in Chantilly, Virginia, VTG offers comprehensive lifecycle engineering services tailored to naval, aerospace, network, and digital requirements. With a commitment to innovation and excellence, VTG empowers its clients to achieve “Tomorrow’s Transformation Today,” whether in naval operations, air missions, land-based activities, or cyberspace operations.
Looking Ahead: A Partnership for the Future
The investment by A&M Capital Partners marks an exciting new phase for VTG. With the backing of A&M Capital Partners, VTG is poised to accelerate its growth, expand its technological capabilities, and further solidify its position as a leader in providing critical solutions to the Defense and Intelligence Community. This partnership promises to drive innovation, create new opportunities, and ultimately strengthen national security through advanced technological solutions.
For A&M Capital Partners, Kirkland & Ellis LLP served as legal advisor. VTG received financial advice from Baird and Citizens Capital Markets, and legal counsel from Mayer Brown LLP.
About VTG
VTG delivers modernization and digital transformation solutions that expand America’s competitive advantage in the modern battlespace. Headquartered in Chantilly, Virginia, VTG provides full lifecycle engineering for naval, aerospace, network and digital requirements. Whether at sea, in the air, on land, or in cyberspace, VTG delivers Tomorrow’s Transformation Today. For more information, visit us at www.VTGdefense.com.
About A&M Capital Partners
A&M Capital Partners is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total assets under management of $3.3 billion. A&M Capital Partners has a strong and referenceable track record of serving as a trusted partner to founders, corporates and management teams, providing the capital and strategic assistance required to take businesses to the next level of success. A&M Capital Partners invests in businesses across a wide range of sectors including Business Services, Industrials, Manufacturing, Food & Beverage, Healthcare, Consumer & Retail, Government Services, Financial Services and Energy Services.
About Alvarez & Marsal Capital
Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $4.8 billion in assets under management across six funds and four investment strategies. The firm is led by a highly experienced investment team, which is augmented by a strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally-focused advisory firms in the world. Alvarez & Marsal Capital combines a focus on middle-market private equity investing, with deep operational expertise, industry knowledge and global corporate relationships, making Alvarez & Marsal Capital an attractive partner to management teams and business owners. Alvarez & Marsal Capital is headquartered in Greenwich, CT with offices in Los Angeles, CA and London, England. For more information, visit www.a-mcapital.com.
