Arlington Capital prepares for growth at Polaris Alpha

Private-equity firm Arlington Capital Partners said it will seek to grow the newly formed Polaris Alpha both through cross-selling as well as acquisitions.

Earlier this week, Arlington Capital announced it had formed Polaris Alpha by merging EOIR Technologies, which it bought earlier this year, with Intelligent Software Solutions and PROTEUS Technologies.

In an interview, Michael Lustbader, managing partner at Arlington Capital, said the companies made a natural fit. While EOIR's largest business is with the Army, ISS has more work with the Air Force and PROTEUS is focused on the intelligence community.

“Part of what we think we can do here is cross-sell some of the capabilities of each of the entities to each other,” he said.

Lustbader compared Arlington Capital's approach to Polaris Alpha to its previous work with Novetta. Arlington Capital sold Novetta to the Carlyle Group last year.

“Over the course of the next five years . . . we very much intend to be growing the company,” he said, noting that additional acquisitions are “a way to have greater offerings.”