Arlington Capital Partners invests in Octo Consulting

By Marjorie Censer / April 4, 2019 at 11:07 AM

Private-equity firm Arlington Capital Partners said today it has invested in Octo Consulting Group, acquiring a majority interest in the company.

Octo is a government contractor that counts healthcare, national security, civilian and defense agencies among its customers. It specializes in agile software development, cloud and other emerging technologies.

As part of the transaction, Octo has also named two new executives meant to "help lead Octo during this period of growth and transition."

Jay Shah, executive vice president of the company's health business unit, has been named chief operating officer, succeeding Robert McCord, who has been president and COO since 2015. Additionally, Octo has hired Pamela Rothka to serve as its chief financial officer. She previously was CFO at Buchanan & Edwards.

Arlington Capital Partners said Mehul Sanghani, Octo's founder and chief executive, "remains a substantial shareholder in Octo, and the senior management team have all made substantial investments as part of the recapitalization."

"All will continue to lead Octo’s strategic growth initiatives in the future," the private-equity firm added.

Arlington Capital Partners recently sold Endeavor Robotics, the former iRobot defense business, to FLIR Systems for $385 million.