Pacific Defense Makes Spectranetix and Perceptronics Investments
Support Current and Future Modernization Requirements in the US Department of Defense and with Select International Partners
According to Travis Slocumb, CEO of Pacific Defense, "We see a growing demand for smart, open standards-based products that flex to the needs of the modern operational environment. We are configured to move very fast and give our customers the support they need and deserve."
Rick Lu, CEO of Spectranetix concurs and has spent several years collaborating with key customers on developing CMOSS/SOSA-based technologies that support rapid capability development. "The core value proposition of Spectranetix will not change. We have purposefully positioned our company to support future growth and to continue to be a valued partner to our customers and supporters. We are excited to be a part of Pacific Defense."
Elan Freedy, CEO of Perceptronics Solutions, and his team will continue to bring innovative Artificial Intelligence/
The lead investors in Pacific Defense are Emerald Lake Capital Management and HCI Equity Partners.
About Emerald Lake Capital Management
Emerald Lake, a private investment firm with over $300 million in assets under management, invests in capital efficient businesses with sustainable competitive advantages, secular or cyclical growth trends, and controllable levers to generate returns. The firm's principals have a flexible approach to transaction structures and experience partnering with management teams to grow businesses throughout market cycles.
About HCI Equity Partners
HCI Equity Partners is a lower middle market private equity firm focused on partnering with family and founder owned manufacturing, distribution and service companies that serve large, fragmented markets in North America. Headquartered in Washington, DC, HCI has extensive experience investing in the Aerospace, Defense and Federal Services sectors. For more information, please visit www.hciequity.com.