M&A Deal Summary

Arlington Capital Partners Acquires Afton Scientific

On January 30, 2024, private equity firm Arlington Capital Partners acquired medical products company Afton Scientific

Acquisition Highlights
  • This is Arlington Capital Partners’ 3rd transaction in the Medical Products sector.
  • This is Arlington Capital Partners’ 60th transaction in the United States.
  • This is Arlington Capital Partners’ 17th transaction in Virginia.

M&A Deal Summary
Date 2024-01-30
Target Afton Scientific
Sector Medical Products
Buyer(s) Arlington Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Bourne Partners Investment Banking (Financial)
GreenbergTraurig (Legal)

Target

Afton Scientific

Charlottesville, Virginia, United States
Afton Scientific is a contract, development, and manufacturing organization that specializes in small-batch filling of injectables from clinical trials to approved commercial drugs. Afton Scientific is based in Charlottesville, Virginia.

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Buyer(S) 1

Buyer

Arlington Capital Partners

Chevy Chase, Maryland, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 7.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Arlington Capital Partners is a middle-market private equity firm focused on buyouts and recapitalizations in targeted growth industries. Arlington targets US based companies valued between $50 and $500 million with strong potential for organic growth and possible consolidation opportunities. Sectors of interest include business services and outsourcing, aerospace/defense, federal and commercial IT, media, education and training, healthcare services, and manufacturing. Arlington Capital was formed in 1999 and is headquartered in Washington DC.

DEAL STATS #
Overall 64 of 64
Sector (Medical Products) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 23 of 23
State (Virginia) 17 of 17
Country (United States) 60 of 60
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-25 Pegasus Steel

Goose Creek, South Carolina, United States

Pegasus Steel is a provider of complex fabricated steel structures used for the construction of submarines, aircraft carriers, and other naval and industrial systems. The Company specializes in cutting, forming, machining, and welding large-scale, complex fabrications. Pegasus is headquartered in Goose Creek, South Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-05 J&J Worldwide Services

Franklin, Tennessee, United States

J&J Worldwide Services (J&J) provides facility services to the United States Federal Government and civilian customers through its Healthcare & Medical Solutions, Mission Support Solutions, and Engineering Solutions business segments. The company has developed a comprehensive portfolio of aseptic cleaning and maintenance services for military hospitals and clinics as well as a wide array of facility management, operational support, and integrated asset management services for Department of Defense (DoD) military bases. J&J Worldwide Services is based in Franklin, Tennessee.

Sell $800M
Mergr

Product

Company

Legal