“We’re excited to be partnered with Acorn Growth Companies,” said Brad King, CEO of Robbins-Gioia. “Acorn has a strong track record of success investing in and enabling the growth of companies within aerospace, defense and intelligence. With its tremendous network and planned investments in our people, processes and products, we see this partnership with Acorn as a key driver in the achievement of our vision to be the leader in delivering modernization and transformation for the federal government and similarly complex enterprises.”
Acorn Growth Companies is a middle market private equity firm focused exclusively on Aerospace, Defense and Intelligence. Acorn invests solely in operating companies that strive to enhance global mobility and protect national interests.
Acorn has an impressive reputation in the industry and is recognized for its deep understanding of the aerospace & defense markets, with proprietary access to the best companies within these sectors. With operational expertise and its ability to lead and manage investments through variable economic and industry cycles, Acorn works in tandem with management to build its portfolio companies into significant market leaders.
“Our investment in Robbins-Gioia represents our ongoing commitment in supporting the nation’s requirements to modernize, streamline and secure its information technology architecture,” said Rick Nagel, managing partner of Acorn Growth Companies. “Robbins-Gioia’s expertise in complex, enterprise-wide systems modernization, as well as the deeply embedded nature of its proprietary software products in critical military MRO systems have positioned the company for strong future growth. As the federal government continues to focus on systems modernization and warfighter readiness, we expect Robbins-Gioia will continue to deliver thought leadership and innovative solutions in support of these missions.”
Terms of the transaction were not disclosed.