Arlington to sell business management consultant Octo

The buyer is IBM.

  • The transaction is expected to close by the end of the year
  • Based in Washington, D.C., Arlington Capital Partners has approximately $7 billion of assets
  • Arlington targets the middle market

Arlington Capital Partners has agreed to sell Octo, a Reston, Virginia-based digital modernization solutions provider to the federal government. The buyer is IBM. No financial terms were disclosed.

On the sale, Michael Lustbader, a managing partner at Arlington Capital, said in a statement, “Since our partnership with Octo began in early 2019, the Company has consummated four highly complementary acquisitions, expanding the Company’s healthcare footprint, while also doubling down on its strong positioning with forward-leaning modernization customers within the national security and civilian customer communities. The partnership with the Octo management team and their tireless efforts enabled us to build a great business focused on the infusion of modern technology into government applications and solidified the Company as an attractive workplace for technologists.”

The transaction is expected to close by the end of the calendar year.

Based in Wasington, D.C., Arlington Capital Partners has approximately $7 billion of assets. Arlington targets middle market investment opportunities in growth industries including government services and technology, aerospace & defense, healthcare, and business services and software.