News
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November 5, 2026
Swift Ascent Acquires MMAX with backing from Bluestone to Enhance Capabilities for Intelligence Customers
Swift Ascent, a growing provider of technology delivery, operations, and mission-support solutions to the Intelligence Community (IC), today announced that it has acquired MMAX, a trusted firm specializing in space technologies and acquisition.
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November 3, 2026
Delphinus Expands Logistics and Mission Support Capabilities Through Combination with Professional Analysis
Delphinus Engineering ("Delphinus"), a leading provider of maintenance, modernization and industrial services for the U.S. Navy and maritime defense community, today announced its combination with Professional Analysis, LLC ("PAI"). Based in Alexandria, Virginia, PAI provides logistics, materials management and program support services to the U.S. Navy, U.S. Marine Corps and other Department of War customers. Delphinus is a portfolio company of Bluestone Investment Partners.
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August 6, 2026
Precise Systems Acquires Ternion, Expanding Modeling, Simulation and Training Capabilities
Precise Systems, Inc. has acquired Ternion Corporation, a Huntsville, Alabama-based developer of advanced modeling and simulation software. The acquisition expands Precise Systems’ Interactive Training & Simulation capabilities and advances its strategy of accelerating technology innovation to deliver scalable solutions that enhance warfighter readiness and mission effectiveness.
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July 21, 2026
Delphinus Engineering Receives Backing to Accelerate Growth Across the U.S. Naval Maintenance and Modernization Market
Delphinus Engineering ("Delphinus"), a leading provider of maintenance, modernization and industrial services supporting the U.S. Navy and maritime defense community, today announced a strategic partnership with Bluestone Investment Partners ("Bluestone"), a private equity firm focused exclusively on the U.S. military and government sector.
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June 2, 2026
Valiant Solutions Acquires BreakPoint Labs to Deepen AI-Driven Cybersecurity Capabilities
Valiant Solutions has acquired BreakPoint Labs, a highly specialized cybersecurity company delivering AI-enabled cyber operations, adversarial threat emulation and red team operations, and modern DevSecOps capabilities across complex Department of War and National Security mission environments.
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February 17, 2026
Valiant Solutions Acquires Abile Group to Expand Cybersecurity Support for National Security Missions
Valiant Solutions has acquired Abile Group, a provider of secure network and cyber engineering services and technology to National Security customers.
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February 4, 2026
Qualis, InTrack Radar Technologies, and Tektonux Announce Merger Creating Missile Defense and Space Domain Awareness Platform
Qualis, InTrack Radar Technologies, and Tektonux have merged to form a company combining hardware and software products for missile defense, space domain awareness, integrated fires, and electronic warfare.
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September 10, 2025
Precise Systems Announces Acquisition of Mission Focused Systems
Precise Systems has acquired Mission Focused Systems, expanding its portfolio in advanced engineering, digital transformation, interactive training and simulation, and platform lifecycle support.
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July 1, 2025
Bluestone Completes the Successful Sale of CTI
Parsons Corporation has acquired Maryland-based Chesapeake Technologies International, Corp (CTI), a portfolio company of Bluestone Investment Partners, in a transaction valued at $89 million.
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February 11, 2025
Bluestone Completes the Successful Sale of cBEYONData
SMX, a leader in next-generation mission support, digital transformation, and IT solutions, has acquired cBEYONData, creating a leading provider of differentiated digital transformation capabilities for government customers.
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December 18, 2024
Bluestone Announces Strategic Investment in Federal Cybersecurity Leader, Valiant Solutions, LLC
Bluestone Investment Partners has announced a strategic investment in Valiant Solutions, LLC, a leading provider of enterprise-wide cybersecurity services for Federal agencies.
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September 5, 2024
Precise Systems Announces Acquisition of Tucson Embedded Systems
Precise Systems has acquired Tucson Embedded Systems, LLC (TES), a provider of high-performance computing systems and software solutions for the Department of Defense.
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August 22, 2024
Bluestone Investment Partners Announces Investment in Missile Defense and Space Technology Business Qualis Corporation
Bluestone Investment Partners has completed a strategic investment in Qualis Corporation, a missile defense and space systems technology business based in Huntsville, Alabama.
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April 11, 2024
Government Technology Veterans George Wilson and Tom Weston Partner with Bluestone Investment Partners
Bluestone Investment Partners has announced a partnership with seasoned government technology leaders George Wilson and Tom Weston to invest and grow a mission-critical technology provider for the Federal Government.
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April 1, 2024
CTI Announces Acquisition of Asymmetric Technologies LLC
Chesapeake Technology International (CTI) has acquired Asymmetric Technologies LLC, expanding CTI's product portfolio with advanced IronClad and Whisper products for flight autonomy and edge communications.
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March 19, 2024
Precise Systems Announces Acquisition of JHT
Precise Systems has acquired Jardon & Howard Technologies (JHT), a leading provider of advanced training and simulation solutions for clients across the Department of Defense.
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November 21, 2023
Precise Systems Announces Acquisition of Excet, Inc.
Precise Systems has acquired Excet, Inc., a Springfield, Virginia-based provider of scientific research and engineering services to the Department of Defense.
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October 19, 2023
ManTech Chairman Kevin Phillips Joins Bluestone as Executive Partner
Kevin M. Phillips, former President and CEO of ManTech and current Chairman of the Board, has joined Bluestone Investment Partners as an Executive Partner.
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July 25, 2023
Bluestone Announces Board of Advisors
Bluestone Investment Partners has announced the formation of its Board of Advisors, which includes five renowned industry leaders who will provide strategic guidance to the firm and its portfolio companies.
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July 18, 2023
Bluestone Appoints Former SAP NS2 CEO Mark Testoni Executive Chairman of cBEYONData
Mark Testoni has joined cBEYONData's board as Executive Chairman, bringing unparalleled expertise to drive corporate strategy and fuel growth initiatives.
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June 15, 2023
Longtime CACI CFO, Tom Mutryn, Joins Bluestone
Thomas Mutryn, most recently Chief Financial Officer for CACI International, has joined Bluestone Investment Partners as an Executive Partner.
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May 9, 2023
Bluestone Completes Investment in Precise Systems
Precise Systems has received a strategic investment by Bluestone Investment Partners to accelerate the growth of its mission readiness and software development services business.
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April 20, 2023
CTI Announces Acquisition of Rapid Imaging Technologies
Chesapeake Technology International (CTI) has acquired Rapid Imaging Technologies LLC, strengthening its offerings in situational awareness and video analytics technologies.
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March 24, 2023
Bluestone Closes Third Investment Fund
Bluestone Investment Partners has raised $196 million for its third buyout fund and intends to expand investments in the lower-middle government services industry.
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February 22, 2023
cBEYONData Announces Acquisition of Summit2Sea Consulting
cBEYONData has completed the acquisition of Summit2Sea Consulting, a provider of data analytics, robotic process automation, and enterprise application modernization across marquee DoD programs.
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March 30, 2022
cBEYONData Announces Acquisition of Alta Via Consulting
cBEYONData has completed the acquisition of Alta Via Consulting, a premier provider of ERP consulting services centered around SAP solutions.
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September 9, 2021
Bluestone Completes Investment in cBEYONData
Bluestone Investment Partners has completed an investment in cBEYONData, a professional services and solutions company specializing in supporting mission-driven agencies with business process automation and data analytics.
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July 14, 2021
Intrepid Solutions and Services Announces Acquisition of Darkblade Systems
Intrepid Solutions and Services has acquired Darkblade Systems Corp., nearly doubling Intrepid's size and expanding its ability to deliver advanced technology products and services to the intelligence community.
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May 25, 2021
Bluestone Completes Investment in CTI
Bluestone Investment Partners has acquired majority ownership of Chesapeake Technology International (CTI), a contractor that provides software and systems development services to defense customers.
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April 14, 2021
John Allen Featured on Washington Technology Podcast: How Small Businesses Can Be M&A Players Too
Bluestone Investment Partners co-founder John Allen discusses how small businesses in the $15M–$50M revenue range can participate in M&A activity with the right private equity partner.
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February 1, 2021
Continental Mapping Consultants Announces Acquisition of GISinc
Continental Mapping Consultants has completed the acquisition of Geographic Information Services, Inc. (GISinc), creating one of the largest pure-play geospatial services and solutions companies in North America.
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December 8, 2020
Bluestone Appoints GovCon Leader Dennis Kelly Executive Chairman of Intrepid
Bluestone Investment Partners has appointed Dennis Kelly, a well-known leader in the federal government contracting community, as executive chairman of its portfolio company Intrepid Solutions and Services.
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October 20, 2020
Continental Mapping Consultants Announces Acquisition of TSG Solutions
Continental Mapping Consultants has completed the acquisition of TSG Solutions, a global provider of situational awareness and geospatial services, significantly strengthening its national security capabilities.
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May 6, 2020
Intrepid Announces Acquisition of a Business Unit of Delta Solutions and Strategies
Intrepid Solutions and Services has completed the acquisition of a business unit of Delta Solutions and Strategies, LLC, including a GSA OASIS Pool 4 contract vehicle.
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March 10, 2020
Bluestone Completes Investment in Continental Mapping Consultants
Bluestone Investment Partners has completed an investment in Continental Mapping Consultants, a rapidly growing geospatial data analytics and mapping solutions provider.
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November 19, 2019
Intrepid Announces the Acquisition of BWM Outcomes
Intrepid Solutions and Services has completed the acquisition of BWM Outcomes, a provider of cybersecurity and intelligence analysis services to defense, intelligence, and national security customers.
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November 5, 2019
Bluestone Completes Investment in Intrepid Solutions and Services
Bluestone Investment Partners has completed an investment in Intrepid Solutions and Services, a premier provider of enterprise IT, data analysis, and operational training services to the U.S. Intelligence Community.
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February 8, 2019
Bluestone Completes Investment in Quadel Consulting and Training
HCI Equity Partners completed the sale of Quadel Consulting & Training to Bluestone Investment Partners. Quadel is a national expert in HUD-assisted affordable housing programs.
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July 2, 2018
Bluestone Investment Partners Raises New Private Equity Fund
Bluestone Investment Partners has announced the initial closing of a new $75 million fund aimed at bringing transformational capital to small businesses in the defense and government services sector.
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December 6, 2017
Bluestone Completes the Sale of GAP Solutions to System One
Professional staffing company System One has acquired government services contractor GAP Solutions, adding 400 employees and expanding its offerings across federal defense and civilian arenas.
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September 25, 2017
Bluestone Completes the Sale of CIS Secure Computing to Acorn Growth Companies
Acorn Growth Companies has acquired CIS Secure Computing, a leading provider of secure communications equipment and computing solutions for U.S. Government customers.
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August 1, 2017
Bluestone Exits its Investment in OMNIPLEX World Services Corporation with its Sale to Constellis
Constellis has agreed to purchase OMNIPLEX World Services for an undisclosed sum, adding investigative services to its portfolio and expanding its client base in the U.S. intelligence community.
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November 12, 2013
Bluestone Completes Investment in GAP Solutions with Industry Veterans Eric Wolking and Pat Flannery
GAP Solutions has been acquired by an entity led by Eric Wolking and Pat Flannery, former Stanley Associates executives, with Bluestone Investment Partners playing an integral role in facilitating the transaction.
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July 17, 2012
Bluestone Completes Investment in CIS Secure Computing
Bluestone Investment Partners has made an investment in CIS Secure Computing, a leading provider of secure communications and computing solutions to defense and civilian agency customers.
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November 20, 2011
Bluestone Closes Private Equity Fund
McLean-based investment bank Bluestone Capital Partners has closed a private equity fund focused on defense and government services companies, targeting lower middle-market businesses.
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