Enlightenment Capital buys Trowbridge

Enlightenment Capital has acquired McLean, Virginia-based Trowbridge & Trowbridge, a provider of IT solutions to defense, intelligence and civilian government agencies. No financial terms were disclosed.

PRESS RELEASE

Chevy Chase, Maryland – April 22, 2019: Enlightenment Capital, an Aerospace, Defense & Government focused investment firm based in the Washington, DC area, announced it has acquired Trowbridge & Trowbridge (“Trowbridge”), a provider of IT solutions to defense, intelligence, and civilian government agencies. Trowbridge will serve as Enlightenment’s newest platform.

Founded in 2006, and headquartered in the Washington, DC area, Trowbridge is a leading provider of cloud engineering, cybersecurity, IT engineering, application development, and network engineering solutions to the federal government. The Company is a trusted partner to government agencies looking for solutions to their most complex IT challenges.

“Trowbridge will serve as the initial investment of a new Enlightenment platform, which will provide innovative solutions to government agencies seeking to modernize their IT systems and operations,” said Devin Talbott, Managing Partner of Enlightenment Capital. “Karen (Founder) has built an impressive business. We are thrilled to partner with her, Cass (CEO), and the rest of the leadership team to support the next chapter in the firm’s evolution.”

“Trowbridge’s service offerings are integral to their customers, helping them develop and maintain IT systems required to enable the success of their missions,” said Jason Rigoli, Partner of Enlightenment Capital. “We plan to continue to invest in the platform to drive growth – both organically and through M&A.”

“Enlightenment is our ideal investment partner, as they understand the sector and share our vision to create a platform for service delivery excellence as we transition to the mid-tier,” said Cass Panciocco, who has been promoted from COO to President & CEO with the transaction. “This partnership strengthens Trowbridge’s capacity to pursue strategic growth initiatives and to invest in new capabilities required by our customers.”

“We are very excited to partner with the Enlightenment team to drive our next phase of growth at Trowbridge,” said Karen Trowbridge, Company Founder, who will join the Company board, remain a shareholder, and act as a strategic advisor to the Company. “This partnership will greatly benefit our customers and employees by allowing us to pursue new opportunities and to continue developing innovative IT solutions for our customers.”

About Trowbridge & Trowbridge
Trowbridge is an award-winning provider of cloud, cyber, and next-gen digital solutions to defense, intelligence and federal civilian markets. Headquartered in McLean, Virginia, with locations and staff nationwide, Trowbridge helps move missions forward to support the American people and the national security of the country. For more information, visit www.tt-llc.com.

About Enlightenment Capital
Enlightenment Capital, a Washington, DC area based private investment firm, provides senior debt, mezzanine debt, and equity to middle market companies in the Aerospace, Defense & Government (ADG) sector. The firm partners with businesses that provide vital services, protect critical infrastructure, innovate cyber and data solutions, enhance decision making capabilities, engineer aerospace systems, safeguard national security, and endeavor to meet the challenges of today and tomorrow. For more information, visit www.enlightenment-cap.com.