Pacific Defense Makes Spectranetix and Perceptronics Investments
Support Current and Future Modernization Requirements in the US Department of Defense and with Select International Partners
News provided by
Pacific Defense
Jan 16, 2020, 16:55 ET
EL SEGUNDO, Calif., Jan. 16, 2020 /PRNewswire-PRWeb/ -- Pacific Defense announces today that it is joining forces with Spectranetix, an advanced developer of military modular open systems architecture CMOSS/SOSA systems, and is making a minority investment in Perceptronics Solutions, an innovative developer of advanced Artificial Intelligence (AI) and Machine Learning (ML) software. Our mission focus will continue to be Electronic Warfare, Communications systems, and Signals Intelligence in all operational domains, and will leverage strategic investments in high performance radio frequency based technologies and CMOSS/SOSA open standards for rapid delivery of software enabled capabilities to our customers.
According to Travis Slocumb, CEO of Pacific Defense, "We see a growing demand for smart, open standards-based products that flex to the needs of the modern operational environment. We are configured to move very fast and give our customers the support they need and deserve."
Rick Lu, CEO of Spectranetix concurs and has spent several years collaborating with key customers on developing CMOSS/SOSA-based technologies that support rapid capability development. "The core value proposition of Spectranetix will not change. We have purposefully positioned our company to support future growth and to continue to be a valued partner to our customers and supporters. We are excited to be a part of Pacific Defense."
Elan Freedy, CEO of Perceptronics Solutions, and his team will continue to bring innovative Artificial Intelligence/Machine Learning enabled solutions to our customers' hardest problems. "In addition to our current portfolio of programs and products, Pacific Defense's investment will allow us to place greater emphasis on technology transition and our core missions."
The lead investors in Pacific Defense are Emerald Lake Capital Management and HCI Equity Partners.
About Emerald Lake Capital Management
Emerald Lake, a private investment firm with over $300 million in assets under management, invests in capital efficient businesses with sustainable competitive advantages, secular or cyclical growth trends, and controllable levers to generate returns. The firm's principals have a flexible approach to transaction structures and experience partnering with management teams to grow businesses throughout market cycles.
About HCI Equity Partners
HCI Equity Partners is a lower middle market private equity firm focused on partnering with family and founder owned manufacturing, distribution and service companies that serve large, fragmented markets in North America. Headquartered in Washington, DC, HCI has extensive experience investing in the Aerospace, Defense and Federal Services sectors. For more information, please visit http://www.hciequity.com.
SOURCE Pacific Defense
