NEW YORK--(BUSINESS WIRE)--DLA
Piper advised Arlington Capital Partners (ACP), a leading private equity firm
based in Washington, DC, in its acquisition of Pegasus Steel LLC (Pegasus), a
leading provider of complex fabricated steel structures used for the
construction of submarines, aircraft carriers and other naval and industrial
systems.
“We were pleased to advise ACP in its acquisition of Pegasus,
which will combine ACP’s robust resources, investment and human capital with
Pegasus’ industry-leading manufacturing processes to scale its organization and
meet industry demands”
Based in South Carolina, Pegasus specializes in cutting,
forming, machining and welding of large-scale, complex fabrications. Pegasus
will retain its current leadership and management team. The acquisition
provides Pegasus with the institutional backing of ACP, an experienced defense
investor with a track record of growing businesses, as it pursues its goal of
becoming the leading “tier one” partner in the nuclear Navy supply chain.
“We were pleased to advise ACP in its acquisition of Pegasus,
which will combine ACP’s robust resources, investment and human capital with
Pegasus’ industry-leading manufacturing processes to scale its organization and
meet industry demands,” said Jeffrey Houle, co-chair of DLA Piper’s Aerospace,
Defense and Government Services Transactional Practice, who led the deal team.
Along with Houle (Washington, DC), the DLA Piper team that
advised ACP included Thomas Pilkerton III and Jordan Bailowitz (Baltimore),
Nate McKitterick (Palo Alto) and Nicholas Klein (Washington, DC); of counsel
Nia Brown and David Allman (Washington, DC); and senior attorney Cara Hupprich
(Northern Virginia).