Octo (backed by Arlington Capital) Combines with Sevatec
December 15, 2020
Arlington Capital Partners announced a strategic combination of its portfolio company Octo with Fairfax-based Sevatec to create a larger federal IT modernization and mission-software provider. The combined firm will operate under Octo leadership, generate nearly $300 million of revenue and employ approximately 1,100 people to serve defense, intelligence, federal health and civilian customers.
- Buyers
- Arlington Capital Partners, Octo
- Targets
- Sevatec
- Platforms
- Octo
- Industry
- IT Services
- Location
- Virginia, United States
- Transaction Type
- Addon
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