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DLA Piper advises Arlington Capital in its acquisition of Pegasus Steel

DLA Piper advised Arlington Capital Partners (ACP), a leading private equity firm based in Washington, DC, in its acquisition of Pegasus Steel LLC (Pegasus), a leading provider of complex fabricated steel structures used for the construction of submarines, aircraft carriers and other naval and industrial systems.

Based in South Carolina, Pegasus specializes in cutting, forming, machining and welding of large-scale, complex fabrications. Pegasus will retain its current leadership and management team. The acquisition provides Pegasus with the institutional backing of ACP, an experienced defense investor with a track record of growing businesses, as it pursues its goal of becoming the leading “tier one” partner in the nuclear Navy supply chain.

“We were pleased to advise ACP in its acquisition of Pegasus, which will combine ACP’s robust resources, investment and human capital with Pegasus’ industry-leading manufacturing processes to scale its organization and meet industry demands,” said Jeffrey Houle, co-chair of DLA Piper’s Aerospace, Defense and Government Services Transactional Practice, who led the deal team.

Along with Houle (Washington, DC), the DLA Piper team that advised ACP included Thomas Pilkerton III and Jordan Bailowitz (Baltimore), Nate McKitterick (Palo Alto) and Nicholas Klein (Washington, DC); of counsel Nia Brown and David Allman (Washington, DC); and senior attorney Cara Hupprich (Northern Virginia).

About Arlington Capital Partners

Arlington Capital Partners is a Washington, DC-based private equity firm that has managed approximately $7 billion in capital commitments. Arlington is focused on middle market investment opportunities in growth industries including aerospace & defense, government services and technology, 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.

For more information: www.arlingtoncap.com

About Pegasus Steel

Pegasus Steel is a leading provider of complex fabricated steel structures used for the construction of submarines, aircraft carriers and other naval and industrial systems. The Company specializes in cutting, forming, machining and welding of large-scale, complex fabrications.

About DLA Piper

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, positioning us to help clients with their legal needs around the world. In certain jurisdictions, this information may be considered attorney advertising. dlapiper.com

Contacts

Geneva Youel, Media Relations, DLA Piper, +1 213 330 7779

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