BATON ROUGE, The., May 8, 2023 /PRNewswire/ — Bernhard Capital Partners (“Bernhard Capital” or “BCP”), a private equity management firm focused on infrastructure and services, announced today that it has entered into a definitive agreement to acquire Duotech Services, Inc. (“Duotech”), a leading provider of radar and related systems services and proprietary radar products. Terms of the deal were not disclosed.
Duotech provides a wide range of repair and maintenance, remanufacturing and engineering solutions to support major airborne and ground-based radar systems worldwide. With numerous blue-chip national defense customers and partnerships with the US military and allies, Duotech’s expertise in radar systems provides highly specialized support services for customers looking to upgrade and upgrade legacy radar systems. Duotech also focuses on providing its radar solutions in cutting-edge training environments, ensuring that the US military remains the best-prepared in the world.
“As the global military aircraft fleet evolves, OEMs and service providers increasingly require specialized engineering, repair and maintenance for remanufacturing. Duotech’s decades-long track record of excellence and reputation for speed, efficiency and niche expertise position the business as a pillar of choice for customers in need of mission-critical solutions,” said Jeff Koonspartner at Bernhard Capital.
Thomas Henleymanaging director at Bernhard Capital, added: “Duotech’s expertise and high-quality support embodies the type of business we are looking to partner with in building a dedicated government services platform that will deliver differentiated services throughout the lifecycle of complex, mission-critical assets and systems.”
Duotech will continue to be led by its current team of talented engineers, technicians and support staff. Duotech will retain its headquarters in Franklin, North Carolina. As the Government Services Platform continues to grow and partner with industry-leading businesses, Duotech will take advantage of the scale and benefits of the shared platform.
“Since the inception of Duotech more than 41 years ago, we have built our business with a core focus of always being the most experienced and trusted partner in the market and we continue to see a number of viable opportunities to expand our offering and experience across verticals,” I said Dan Rogers Sr, co-founder of Duotech. “This partnership with Bernhard Capital connects us with a team that shares our vision and is committed not only to our long-term growth and success, but also to better supporting the entire ecosystem of government services. We look forward to working together to continue to provide the latest and most innovative solutions for mission-critical military systems.”
Bernhard Capital’s government services platform was established in April 2023 with BCP’s previously announced agreement to acquire the Federal and Defense (“FDS”) business of VSE Corporation. The FDS business serves the U.S. government and military on the most critical modernization, sustainment and sustainment priorities across land, sea, air, energy and technology platforms. Using BCP’s proprietary Blueprint framework, the platform will include a network of leading businesses with a shared mission to improve the efficiency and reliability of the physical and technology platforms used by US and allied military and other government personnel around the world. The platform for government services is headed by Major General o.r. Charles “Chuck” Anderson.
DC Advisory serves as the exclusive financial advisor to Duotech Services.
About Duotech Services
Duotech is an aerospace and defense company located in Franklin, North Carolina. Duotech is a leading provider of repair and maintenance services for radar and military aircraft-related systems, as well as proprietary radar products, with unique expertise in supporting and extending the useful life of legacy systems. The company is well positioned to solve the engineering, reverse engineering, repair and remanufacturing problems of military and civilian agencies, as well as aerospace and commercial users of electronic and electromechanical equipment. DuotechServices.com
About Bernhard Capital Partners
Bernhard Capital Partners is a private equity management firm focused on services and infrastructure, established in 2013. Bernhard Capital Partners has deployed capital in four funds across multiple strategies, has approx. $3.0 billion of gross assets under management. Bernhard Capital Partners seeks to create sustainable value by leveraging its expertise in acquiring, operating and growing services and infrastructure businesses. For more information, visit www.BernhardCapital.com.
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SOURCE Bernhard Capital Partners Management, LP