AE Industrial Partners Acquires Linkware and Pangiam, Forms Pangiam Travel & Security Platform

BigBear.ai to Acquire Pangiam for Approximately $70M

November 6, 2023

AI & Machine Learning

BigBear.ai has signed a definitive merger agreement to acquire Pangiam (Pangiam Intermediate Holdings, LLC) in an all-stock transaction valued at roughly $70 million, expected to close in Q1 2024. The deal combines Pangiam's facial recognition and biometric capabilities with BigBear.ai's computer vision and AI analytics to create a comprehensive Vision AI portfolio and expand the combined company's customer base into airlines, airports, identity-verification firms and additional U.S. government contracts.

AE Industrial Partners Acquires PCI

October 26, 2020

Cybersecurity

AE Industrial Partners (AEI) has acquired PCI, a Columbia, Maryland–based provider of cybersecurity, computer network operations (CNO), cloud engineering, systems engineering, enterprise IT, and data analytics for the U.S. intelligence and defense communities. The deal — terms not disclosed — represents AEI's ninth platform investment in Fund II and is intended to accelerate PCI's growth and reach into defense, intelligence, and national security markets.

Pangiam Acquires Trueface to Expand Computer Vision and Biometrics Capabilities

June 2, 2021

AI & Machine Learning

Pangiam, a travel and security technology provider backed by AE Industrial Partners, acquired Trueface, a U.S.-based computer vision company specializing in facial recognition, weapon detection and age verification. Terms were not disclosed; Trueface founders Shaun Moore and Nezare Chafni will join Pangiam, and the deal strengthens Pangiam's biometric offerings for airports, federal and commercial customers.

AE Industrial Partners Acquires Majority Interest in Yingling Aviation

June 5, 2023

Aerospace & Defense

AE Industrial Partners (AEI) has acquired a majority interest in Yingling Aviation, a Wichita-based provider of MRO and FBO services for business and government aviation. Terms were not disclosed; Yingling’s leadership (Chairman & CEO Lynn Nichols and President Andrew Nichols) will remain active owners and operators as AEI seeks to build a scaled independent platform in business aviation services.

AE Industrial Partners Acquires Israeli Spyware Vendor Paragon

December 13, 2024

Cybersecurity

AE Industrial Partners has acquired Israeli spyware vendor Paragon, closing the deal on Dec. 13 for about $500 million with reports the transaction could be worth up to $900 million. AE plans to merge Paragon with Virginia-based cybersecurity firm Red Lattice; Paragon was founded in 2019 by former Israeli intelligence officers and has a U.S. subsidiary.

Pangiam Acquires veriScan from Metropolitan Washington Airports Authority

March 19, 2021

AI & Machine Learning

Pangiam, a PE-backed identity-management and travel-security technology provider, acquired veriScan — an integrated biometric facial-recognition system developed by the Metropolitan Washington Airports Authority — to expand its airport and airline biometrics offerings. The veriScan solution, which has been used by more than 40 airlines and processed over 1.3 million passengers, will be scaled through Pangiam's cloud-based platform; terms were not disclosed.