Arlington Capital Partners Announces the Acquisition of Pegasus Steel
Summary
Peter Manos, a Managing Partner at Arlington, said, “Pegasus has earned a tremendous reputation in the nuclear submarine and aircraft carrier market for delivering high quality fabrications on time and on schedule. With parts weighing in excess of 800,000 pounds and among the largest structures in the industry, Pegasus enables its customers to utilize its own shipyards more efficiently to meet the required increase in output that the national security community demands. This transaction is occurring at an inflection point in Pegasus’ growth trajectory and provides the company with the institutional backing of an experienced defense investor with a track record of growing businesses. The partnership with Arlington offers the large capital base and corporate strategy advice Pegasus desires as it drives towards its goal of becoming the leading ‘tier one’ partner in the nuclear Navy supply chain.” Ben Ramundo, a Principal at Arlington, said “The supply and demand imbalance within the submarine and aircraft carrier industrial bases threatens the Navy’s future force structure and deterrence objectives. In partnership with Tony, we are laser-focused on scaling the organization with the resources, investment and human capital to meet this challenge.” KippsDeSanto & Co. acted as sole financial advisor to Pegasus Steel LLC.