VTG | September 16, 2021
VTG, an industry-leading provider of force modernization and digital transformation solutions, announced today that it has won a prime contract from the U.S. Navy Strategic Systems Programs to provide engineering services for the Navy's hypersonic strike capability, a top Defense Department priority. Under the single-award contract, VTG will support the Conventional Prompt Strike Program Office, a division of SSP, with research and development expertise, systems engineering, test planning and test engineering, logistics, and a wide range of programmatic and technical services.
"VTG is honored to partner with Navy SSP and the CPS Program Office in developing and fielding a hypersonic weapon," said John Hassoun, VTG president and CEO. "We recognize the importance of hypersonic technologies as a deterrent to near-peer competitors, and we are proud to be a key member of the growing hypersonic industrial base."
CPS will provide the Navy with a hypersonic conventional weapon capable of precise, timely, long-range strike against deep-inland, time-critical, soft- and medium-hardened targets in contested environments. The missile, which is comprised of a hypersonic glide body and a two-stage booster, will fly at speeds exceeding Mach 5 and be launched from both surface ships and submarines. The Navy is the lead designer for the common hypersonic missile that will be fielded by both the Navy and the Army. The Navy plans to deploy the first CPS weapon system aboard the Zumwalt-class destroyers in FY2025 followed by the Virginia-class attack submarines in FY2028.
Navy SSP's selection of VTG to support the CPS program follows a string of other recently announced awards that have positioned VTG as a critical partner to the Navy in delivering the diverse array of offensive, defensive, and digital capabilities needed for Distributed Maritime Operations. In July, VTG announced its selection to integrate the ODIN directed energy laser weapon system aboard the Arleigh Burke-class destroyers. Earlier this year, VTG announced that it had started work on a prime contract to support the Naval Digital Integration Support Cell in accelerating naval digital transformation.
"VTG is excited to add hypersonics to our growing portfolio of engineering expertise," said Sunil Ramchand, VTG chief growth officer. "We're looking forward to supporting the CPS program and doing what we do best: leveraging top engineering and technical talent to rapidly deliver transformative capabilities and technologies to the Fleet."
VTG delivers force modernization and digital transformation solutions that expand America's competitive advantage in the modern battlespace. Headquartered in Chantilly, Virginia, VTG provides full lifecycle engineering for naval, aerospace, network, and digital requirements. Whether at sea, in the air, on land, or in cyberspace, VTG delivers Tomorrow's Transformation Today.
Vitech | March 09, 2022
Vitech, a Zuken Company and a market leader in Model-Based Systems Engineering (MBSE) solutions, announced a partnership with Intercax. As a result of this partnership, Intercax will incorporate support for GENESYS, Vitech's flagship MBSE technology, into its Syndeia Digital Thread Platform. As a result, GENESYS users will be able to extend and integrate their GENESYS-created system models and architectures into various ecosystems, such as the PLM and ALM ecosystems. These ecosystems include CAD, requirements management, project management, simulation tools, and more.
"Partnering with Intercax is a big step in delivering on our vision of a connected, integrated, and open MBSE. The large library of connectors to popular and varied engineering repositories will provide immediate value to our user community, "
Enrique Krajmalnik, CEO of Vitech
Intercax is an industry leader in developing the vision of an Open Digital Thread, linking system models with other advanced engineering tools. According to Dr. Dirk Zwemer, Intercax Co-Founder and President said, "As a critical enabler for digital transformation, enterprises are adopting open digital threads connecting data streams and models across disciplines and tools. Adding GENESYS to our catalog of supported system modeling and architecture tools will bring new solutions to industries where product complexity is a significant challenge."
The Jordan Company | August 17, 2021
Arclin, Inc. ("Arclin" or the "Company"), a chemistry-based provider of highly technical, engineered products for the residential building products market and other industries, today announced that it has signed a definitive agreement whereby an affiliate of The Jordan Company, L.P. ("TJC") will acquire Arclin from funds affiliated with Lone Star Funds. Arclin's senior management team, led by CEO Brad Bolduc, will maintain a significant equity stake in Arclin and continue to lead the Company going forward. While the terms of the transaction were not disclosed, the transaction is expected to close in the third quarter of 2021.
Founded in 1992, Arclin is a leading North American manufacturer and formulator of proprietary surface overlays and specialty resins primarily for the residential building products market, as well as industrial, furniture and non-residential construction markets. The Company serves high-growth applications, which are expected to continue benefiting significantly from positive trends in the market. Arclin's IP protected, proprietary products and assets drive key performance characteristics, and the Company maintains long-term relationships with its blue-chip customers and suppliers. Headquartered in Roswell, GA, the Company operates out of 12 manufacturing facilities and maintains over 600 employees.
"We are excited and look forward to partnering with TJC," said Brad Bolduc, CEO of Arclin. "We believe this partnership will accelerate our growth initiatives related to organic growth, new product development, operational enhancements, and strategic acquisitions. In support of our corporate vision to remain the market leader in innovation, we will continue investing significantly in our technologies to ensure exceptional product performance for our customers and markets served."
"TJC is excited to have identified a world-class platform and management team in Arclin," said Ian Arons, Partner of TJC. "Arclin fits extremely well with our investment strategy based on our extensive experience in the specialty chemicals and building products industries. We see great growth opportunities ahead and look forward to supporting the team."
"We are excited to partner with Brad and the Arclin team to help accelerate their next phase of growth," added Barry Gallup, Jr., Vice President of TJC. "Our organizations have a strong cultural alignment, and we collectively share a customer-centric and growth-oriented focus. We look forward to a long-term partnership with Arclin and its employees."
"We are extremely proud of the growth that the Arclin team has achieved over the last several years during our ownership period," said Donald Quintin, President, Lone Star Opportunity Funds. "We have enjoyed working with Brad and his team, and we are pleased that management has identified a great partner to support the Company's next chapter of growth."
RBC Capital Markets, LLC is acting as financial advisor and Gibson, Dunn & Crutcher LLP is serving as legal counsel to Arclin and Lone Star. Barclays Capital, Inc. is acting as financial advisor and Ropes & Gray LLP and Kirkland & Ellis LLP are serving as legal counsel to TJC.
Arclin is a leading provider of chemistry-based resin and surfacing solutions for the building, design, energy, agriculture, transportation and other industries. Headquartered in Roswell, Georgia, Arclin has offices and manufacturing facilities throughout the U.S. and Canada and manufactures for customers worldwide. More information at www.arclin.com.
About The Jordan Company
TJC, founded in 1982, is a middle-market private equity firm that has managed funds with original capital commitments in excess of $15 billion and a 39-year track record of investing in and contributing to the growth of many businesses across a wide range of industries including Healthcare & Consumer; Industrials; Technology, Telecom & Utilities; and Transportation & Logistics. The senior investment team has been investing together for over 20 years and is supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. Headquartered in New York, TJC also has offices in Chicago and Stamford.
About Lone Star Funds
Lone Star, a global private equity firm founded by John Grayken, invests on behalf of its limited partners, which include institutional investors such as pension funds and sovereign wealth funds, as well as foundations and endowments that support medical research, higher education, and other philanthropic causes. Since the establishment of its first fund in 1995, Lone Star has organized 21 private equity funds with aggregate capital commitments totaling approximately $85 billion.