Arlington Capital Partners, a Washington, DC-area private equity firm, has acquired Pegasus Steel, a provider of complex fabricated steel structures used for the construction of submarines, aircraft carriers and other naval and industrial systems.Â
Arlington Capital Partners (Arlington), a Washington, DC-area private equity firm, has acquired Pegasus Steel (Pegasus), a provider of complex fabricated steel structures used for the construction of submarines, aircraft carriers and other naval and industrial systems.
Pegasus is headquartered near Charleston, South Carolina and has approximately 350,000 square feet of manufacturing space. Post-closing, Tony Deering, Pegasus’s Founder & CEO, will continue to operate the company along with the rest of the current management team.
Pegasus is a new platform for Arlington and is a provider of fabricated structures and related assemblies primarily to the nuclear-shipbuilding community. The company addresses the US. Navy’s highest priority programmes including, among others, the Columbia-class submarine, the Virginia-class submarine and the Ford-class aircraft carrier.
KippsDeSanto & Co acted as sole financial advisor to Pegasus Steel LLC.
