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  • Friday, November 8, 2024

Bluestone Investment Partners Invests in Enterprise IT Firm Intrepid; John Allen Quoted


Jeff Brody
John Allen

Bluestone Investment Partners has made an investment in Intrepid Solutions and Services, a Sterling, Va.-based provider of enterprise information technology, operational training and data analysis support to intelligence community clients.

John Allen, co-founder and managing partner of Bluestone, said in a statement published Tuesday the investment will help Intrepid œaccelerate growth both organically and through mergers and acquisitions.

South Carolina-based private investment fund Route 2 Capital Partners also backed Bluestone™s investment in Intrepid.

Pillsbury, Winthrop, Shaw, Pittman advised Bluestone on the transaction™s legal aspect. Aronson Capital Partners acted as Intrepid™s investment banking adviser, while McCandlish Lillard and PilieroMazza PLLC served as legal advisers to the IT firm.

McLean, Va.-based Bluestone is a private equity firm focused on investing in middle-market companies in the government services and defense sectors.

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