Sagewind's QuantiTech acquires Dynamic Concepts
QuantiTech, a portfolio company of Sagewind Capital (Sagewind), has acquired Dynamic Concepts (DCI), a provider of high-end engineering and software services for human spaceflight.
Financial terms of the transaction have not been announced.
Headquartered in Huntsville, Alabama, DCI primarily supports NASA’s Marshall Space Flight Center, Johnson Space Center and Glenn Research Center; the Department of Defense; and commercial space companies. DCI specializes in classical and structural dynamics, digital and hardware-in-the-loop simulation, custom software applications, and control systems design and analysis in support of human spaceflight. The management team and employees of DCI will continue with the business as a part of QuantiTech.
Darryl Wortman, President and CEO of QuantiTech, says: “QuantiTech partnered with Sagewind Capital in May because we were searching for a partner that would support our growth as we strive to better support our customers’ critical missions. Only a few months into our partnership, we are thrilled to have closed on our first acquisition. DCI is an excellent addition to QuantiTech as it provides us with a complementary set of high-end specialised services and bolsters our existing relationship with NASA. DCI personnel are shaping the future of human spaceflight and we look forward to supporting them in combination with QuantiTech.”
“We are excited to join the QuantiTech family and to have found a partner that shares our dedication to customers and their critical mission,” says Joseph Clayton, President of DCI. “For almost 25 years, our highly skilled and talented personnel have provided engineering and software solutions to our customers unique and technical challenges. We are excited for their new home within QuantiTech and look forward to the growth opportunities ahead.”