Intrepid Integrates SPA's Defense Capabilities with New Acquisition
Deal News | Mar 19, 2025 | Arlington Capital Partners
Systems Planning & Analysis (SPA), a renowned global firm providing analytical insights for national security programs, has acquired Intrepid, an engineering company specializing in the missiles and space, enterprise modernization, and defense support sectors. Intrepid's connection with the US Army's mission priorities makes it a strategic addition, enhancing SPA's capacity in integrated battle management and enterprise modernization. This acquisition signifies SPA's expansion into the US Army while already having a substantial presence in other defense verticals. Both SPA and Intrepid share a commitment to national security, and this deal is supported by Arlington Capital Partners, solidifying SPA's reputation. Additionally, legal and financial advisory roles were provided by several firms, including Sheppard Mullin, Morrison Foerster, Houlihan Lokey, and Maynard Nexsen.
Sectors
- Aerospace and Defense
- Private Equity
Geography
- United States – Both SPA and Intrepid operate and have significant ties with the US defense sector. Arlington Capital Partners is located in the Washington, D.C. area.
Industry
- Aerospace and Defense – The acquisition involves companies that operate within the sector of national security, military, and defense technology.
- Private Equity – Arlington Capital Partners, a private equity firm, facilitated the acquisition. They specialize in government-regulated industries, indicating their involvement in such transactions.
Financials
- $3.8 billion – The size of Arlington Capital Partners’ Fund VI, which is the current fund being invested.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Systems Planning & Analysis (SPA) | Acquirer | Company | A global firm that provides analytical and technical innovation to support national security programs. |
| Intrepid | Target Company | Company | An engineering company with expertise in missiles, space, and defense support, contributing significantly to US Army initiatives. |
| Arlington Capital Partners | Private Equity Firm | Company | A private investment firm specializing in government-regulated industries that facilitated the acquisition. |
| Sheppard Mullin | Legal Advisor | Company | Provided legal counsel to SPA during the acquisition. |
| Morrison Foerster | Legal Advisor | Company | Acted as legal counsel to SPA during the acquisition. |
| Houlihan Lokey | Financial Advisor | Company | Provided financial advisory services to Intrepid for the acquisition. |
| Maynard Nexsen | Legal Advisor | Company | Acted as legal counsel to Intrepid. |
| Rich Sawchak | CEO of SPA | Person | The Chief Executive Officer of SPA who commented on the strategic importance of the acquisition. |
| Bill Best | CEO of Intrepid | Person | The Chief Executive Officer of Intrepid who expressed satisfaction with the acquisition. |
| David Wodlinger | Managing Partner at Arlington Capital Partners | Person | A key executive at Arlington Capital Partners who expressed excitement about the acquisition. |