MIAMI, Nov. 26, 2024 /PRNewswire/ — Lafayette Square introduced these days that it has supplied debt capital to assistance the NewSpring Holdings, LLC (“NewSpring”) acquisition of C Velocity, LLC (“C Speed”), a well-known supplier of complex radar techniques and engineering answers for civilian and army virtue globally.
Based in 1996 and headquartered in Liverpool, Brandnew York, C Velocity manufactures radars, supplies surveillance merchandise in addition to surveillance-as-a-service choices thru its utility outlined radio IP, and helps the modernization of legacy ground-based radars. With this acquisition, NewSpring intends to lend C Velocity with strategic steerage, better assets and human capital to satisfy the complex wishes of the U.S. Executive.
“With increasing demand for innovative, cost-effective security and surveillance solutions, C Speed’s expertise in radar systems and technology integration presents a unique investment opportunity,” stated Tom Mullin, Director, Lafayette Sq.. “C Speed understands the value of partnering with government, given its long-standing relationships in the federal services sector. We look forward to partnering with NewSpring to help drive the company’s future growth.”
“We are excited to embark on this next chapter with support from NewSpring and Lafayette Square,” stated David Lysack, President & CEO of C Velocity. “By partnering with NewSpring and Lafayette Square, we can continue to advance our technology and expand into markets that truly need our solutions.”
“C Speed’s proven expertise in radar systems and solutions is aligned with our strategic growth within the government services sector,” stated Lee Garber, Normal Spouse, NewSpring. “With funding from Lafayette Square and a shared commitment to supporting and empowering C Speed’s talented workforce, we are well-positioned to enhance our technological offerings, drive innovation, and broaden our impact across key sectors.”
Along with financing, Lafayette Sq. trade in its portfolio firms get admission to to Worker Solutions™, a custom-built platform that seeks to measurably toughen worker retention, well-being, and productiveness through connecting control groups to a curated listing of third-party provider suppliers that do business in nontraditional advantages for his or her staff. Via turning in those answers, Lafayette Sq. goals to loose operational chance for its portfolio firms, aid them draw in and store skill, and toughen task component.
About C Velocity, LLC
C Velocity is a well-known supplier of complex radar techniques and engineering answers for each civilian and army packages. The corporate makes a speciality of the design, prototyping, and production of state of the art radar techniques, with a specific center of attention on radar receivers, exciters, and sign processors. C Velocity has constructed a robust popularity thru its collaborations with main protection contractors and govt businesses, together with the U.S. Breeze Pressure, U.S. Military, U.S. Military, Area of Fatherland Safety (DHS) and NATO. Their product portfolio comprises the “LightWave Software Defined Radar Platform,” designed as an economical, software-based, extra for legacy radar modernization age additionally offering unused surveillance radars to their shoppers. With over 30 years of revel in within the radar trade, C Velocity continues to innovate, offering crucial assistance to nationwide and world protection projects.
About NewSpring
NewSpring is a lower-middle marketplace centered personal fairness company that companions with the innovators, makers, and operators of high-performing firms in dynamic industries to catalyze unused enlargement and grasp compelling alternatives. The Company manages roughly $3.5 billion throughout 5 distinct methods overlaying the spectrum from enlargement fairness and keep an eye on buyouts to mezzanine debt. Having finished over 250 investments, NewSpring brings a wealth of information, revel in, and assets to shoot rising firms to the then degree and past. Partnering with control groups to aid form their companies into marketplace leaders, NewSpring identifies alternatives and builds relationships the usage of its community of trade leaders and influencers throughout a big selection of operational disciplines and industries. To be told extra, consult with www.newspringcapital.com
About Lafayette Sq.
Lafayette Sq. invests in center marketplace firms age definitely supporting crowd and communities. We imagine the call for for capital in companies headquartered outdoor of high-income parks is an overpassed alternative. We search funding alternatives that stimulate economic expansion throughout the USA during the starting and preservation of working-class jobs. For more info, please consult with www.lafayettesquare.com.
Media Touch:
Jansel Murad
Dukas Linden Folk Members of the family
646-722-6537
[email protected]
SOURCE Lafayette Sq. Protecting Corporate
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