QinetiQ US Acquires Avantus Federal from NewSpring Holdings

KKR and EIG Acquire Majority Interest in Avantus

July 30, 2024

Renewable Energy

KKR-backed funds and accounts managed by KKR have acquired a majority equity interest in Avantus, a U.S. developer of utility-scale solar and solar-plus-storage projects. Coinciding with the close, Avantus secured a $522 million development facility arranged by KKR Capital Markets and SMBC to accelerate deployment of its more than 30 GWdc solar and 94 GWh storage pipeline across the Western United States.

V2X Acquires QinetiQ U.S. Intelligence Business

September 24, 2025

Aerospace & Defense

V2X, Inc. (NYSE: VVX) completed the acquisition of QinetiQ’s U.S. Intelligence business for approximately $24 million (net of estimated tax benefits). The deal brings roughly 70 intelligence, data engineering, and cyber professionals into V2X and expands the company's capabilities and access to critical national security programs.

Ciphr Acquires Avantus

November 19, 2024

Cloud & SaaS

ECI-backed Ciphr has acquired Avantus, a UK-based employee benefits and rewards platform provider, adding Avantus’ FlexGenius and MyWorkPal products and a c.30-person team to Ciphr Group. The transaction expands Ciphr’s HCM proposition to include employee benefits and wellbeing as part of its strategy of complementary add-on acquisitions.

Avantus Aerospace Acquires Fastener Innovation Technology (FIT)

September 29, 2020

Aerospace & Defense

Avantus Aerospace, a PE-backed aerospace C-class parts group, acquired Fastener Innovation Technology Corporation (FIT) of Rancho Dominguez, California as an add-on to expand its specialty fastener capabilities. FIT (founded 1979) will continue to be led by its existing management and will be integrated with Avantus’s fastener businesses to better serve aerospace OEM and defense customers including Boeing, Raytheon and Lockheed Martin.

Accenture Federal Services Acquires Novetta from The Carlyle Group

June 1, 2021

AI & Machine Learning

Accenture Federal Services (AFS), a wholly owned subsidiary of Accenture, has agreed to acquire Novetta, an advanced analytics and cyber engineering firm serving U.S. defense, intelligence, and law enforcement customers. The deal — being sold by The Carlyle Group — brings Novetta's ~1,300 employees and machine learning, cyber, and cloud capabilities into AFS to expand its national security analytics and digital offerings.

NewSpring Holdings Acquires Xpect Solutions

October 15, 2024

IT Services

NewSpring Holdings has acquired Xpect Solutions, a Fairfax, Virginia–based systems integrator that provides enterprise IT and physical security solutions to federal agencies. Lafayette Square provided a debt facility to support the transaction as NewSpring builds a federal, law-enforcement-focused platform to expand mission-critical IT and security capabilities.