BlueHalo has agreed to buy Eqlipse Technologies for an undisclosed sum to create a combined entity focused on delivering capabilities in the areas of space, counter-unmanned autonomous systems, cyber and electronic warfare and artificial intelligence to Department of Defense and Intelligence Community customers.
Both parties expect the transaction to conclude in the first quarter of 2024 and BlueHalo CEO Jonathan Moneymaker will lead the combined entity, according to a joint release published Tuesday.
“Combining BlueHalo and Eqlipse–both with a shared passion for pairing innovative technology with customer intimacy–creates an enhanced organization with the proven ability to deliver on some of the most complex and challenging problems our customers face in these uncertain times,” said Moneymaker, a previous Wash100 awardee.
He noted that the acquisition provides the combined entity with additional scale and size and the ability to advance rapid prototyping and innovation in support of customers.
Eqlipse supports DOD and IC customers by providing products and services across the areas of cyber and signals intelligence engineering, digital operations and identity management, research and development and electronic warfare.
The combined company will continue to be based in Arlington, Virginia, and operate with approximately 2,400 employees across 11 states and nearly $1 billion in annual revenue. It will advance the development and deployment of defense technologies by leveraging the innovative products and technical talent of the two companies.
BlueHalo and Eqlipse are portfolio companies of Washington, D.C.-based private investment firm Arlington Capital Partners.
