By Light Professional IT Services Acquires Veraxx Engineering Corporation

By Light Professional IT Services Acquires Raydon Corporation

December 4, 2020

Aerospace & Defense

By Light Professional IT Services, a portfolio company of Sagewind Capital, has acquired Raydon Corporation, a Port Orange, Florida-based provider of virtual training and simulation technology for the U.S. Department of Defense. The acquisition expands By Light's modeling & simulation and virtual training capabilities; financial terms were not disclosed and Truist Securities served as Raydon's exclusive financial advisor.

By Light Acquires Dignitas Technologies

February 10, 2026

Aerospace & Defense

By Light Professional IT Services, a portfolio company of Sagewind Capital, has acquired Orlando-based Dignitas Technologies, a provider of modeling, simulation and training (MS&T) products and mission rehearsal applications. Financial terms were not disclosed; the acquisition expands By Light's synthetic and cyber training capabilities and integrates Dignitas' work supporting multiple U.S. military branches and programs such as the F-35, ACTS II and NGC.

By Light Professional IT Services Acquires Phacil, Inc.

March 25, 2019

IT Services

By Light Professional IT Services LLC, a Sagewind Capital‑backed provider of federal IT, cloud and cyber solutions, has acquired Phacil, Inc., a diversified software, cybersecurity, systems engineering and managed‑services contractor to the U.S. government. The acquisition, By Light’s second under Sagewind ownership, expands the company’s capabilities across cloud, cybersecurity, systems engineering and AI to better serve Department of Defense and civilian agency clients.

By Light Acquires Cole Engineering Services, Inc.

September 20, 2019

Aerospace & Defense

By Light Professional IT Services LLC has entered into a definitive agreement to acquire Cole Engineering Services, Inc. (CESI), a developer and integrator of modeling, simulation and training systems for military and first-responder customers. The deal, subject to CESI shareholder and regulatory approvals, is expected to close in early Q4 2019 and will add CESI's simulation engineering capabilities and program footprint to By Light's government systems integration platform.

By Light Acquires Metova Federal

May 16, 2019

Cybersecurity

By Light Professional IT Services LLC acquired Metova Federal, a provider of cyber range and cyber training services to U.S. government customers. The add-on strengthens By Light's cyber and intel offerings and expands its CyberCENTS cyber training and exercise capabilities; financial terms were not disclosed.

Mercury Systems Acquires Avalex Technologies Corporation

September 27, 2021

Aerospace & Defense

Mercury Systems, Inc. signed a definitive agreement to acquire Avalex Technologies Corporation, a Gulf Breeze, Florida-based provider of mission-critical avionics (rugged displays, communications management, digital video recorders, and warning systems). The all-cash asset purchase (subject to customary adjustments) is expected to be funded with cash on hand and the company's revolving credit facility; Avalex generated approximately $40 million of revenue for the year ended December 31, 2022 with ~25% adjusted EBITDA margins and the deal was expected to close in Mercury's fiscal Q2 2022 (subject to HSR clearance).