Bernhard Capital Partners has expanded its newly established government services platform by signing an agreement to buy Duotech Services for an undisclosed sum.
Franklin, North Carolina-based Duotech provides maintenance and repair, remanufacturing and engineering platforms to support ground-based and aerial radar systems of U.S. defense customers and allied militaries worldwide, BCP said Monday.
Duotech, which also provides radar platforms for training environments in support of U.S. warfighters, will continue to operate through its headquarters in Franklin, along with its existing team of engineers, technicians and support personnel.
“Duotech’s expertise and high-quality support embodies the type of businesses we are looking to partner with in building a dedicated government services platform that will deliver differentiated services across the full lifecycle of complex, mission-critical assets and systems,” said Thomas Henley, a managing director at Bernhard Capital.
In April, BCP created its government services platform led by Charles “Chuck” Anderson, a retired U.S. Army major general. The private equity management firm marked the launch of the platform with its move to acquire the federal and defense business of aftermarket services provider VSE (Nasdaq: VSEC).
The government services platform will use BCP’s Blueprint framework and will be composed of a network of businesses aimed at improving the reliability of technological and physical platforms used by U.S. and allied forces and government staff worldwide.
DC Advisory acted as Duotech’s exclusive financial adviser in the transaction.
