Investment firm acquires Trowbridge & Trowbridge
Chevy Chase, Md.-based Enlightenment Capital has acquired McLean-based Trowbridge & Trowbridge LLC, a provider of cloud, cyber and digital solutions to the defense, intelligence and federal civilian agency markets.
Financial details of the transaction were not announced.
Cass Panciocco, Trowbridge’s COO, has become its president and CEO. Company founder Karen Trowbridge has become a strategic advisor and serves on the company’s board of directors.
“Enlightenment is our ideal investment partner, as they understand the sector and share our vision to create a platform for service delivery excellence as we transition to the mid-tier. This partnership strengthens Trowbridge’s capacity to pursue strategic growth initiatives and to invest in new capabilities required by our customers,” Panciocco said in a statement.
Enlightenment is a private investment firm, providing senior debt, mezzanine debt and equity to middle market companies in the aerospace, defense and government sector.