The Resolute Fund II, L.P., an affiliate of The Jordan Company, has acquired VT Services Inc. from Babcock International Group. Terms of the deal were not released. VT Services is a provider of engineering and logistics services for U.S. Department of Defense customers.
The Resolute Fund II, L.P., an affiliate of The Jordan Company, today announced that it has acquired VT Services, Inc. (“VT” or the “Company”) from Babcock International Group Plc (“Babcock”), a UK based engineering services firm. Financial terms of the transaction were not disclosed.
VT is a provider of engineering and logistics services primarily in support of mission critical systems, logistics and operational readiness and platform sustainment initiatives for U.S. Department of Defense customers. VT is a wholly-owned, but independently run, subsidiary of Babcock.
“VT has strong, long term customer relationships and a base of prime contracts with the U.S. Army and Navy.” said Jonathan F. Boucher, Managing Principal, The Jordan Company. “We look forward to partnering with the VT leadership team to continue building this company organically and through acquisitions within the government services market.”
“We are very excited to partner with The Jordan Company and under The Jordan Company’s ownership, VT is poised for growth and to continue providing unwavering support of our customers mission critical needs.” said David J. Dacquino, CEO.
Mayer Brown LLP acted as legal advisor to The Jordan Company.
About The Jordan Company
The Jordan Company (www.thejordancompany.com ), founded in 1982, is a middle-market private equity firm with over $5 billion of committed capital assets under management and a 30-year track record of investing in and contributing to the growth of many businesses across a wide range of industries. The senior investment team has been investing together for over 20 years and they are supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. Headquartered in New York, The Jordan Company also has offices in Chicago and Shanghai.