AE Industrial Partners (AEI), a private equity firm specializing in defense & government services, aerospace, specialty industrial markets, and space, power & utility services, announced that it has acquired a significant stake in REDLattice Incorporated, a cyber technology firm that provides cyber capabilities in U.S. national defense, security, and commercial markets. The details of the transaction were not publicly disclosed.
The investment in REDLattice is a new foray into the advanced cyber technology space for AEI, representing their second platform investment from AE Industrial Partners Fund III, LP, which was launched in November 2022. John Ayers, REDLattice Founder and CEO, and Kevin Rummel, President and COO, will both remain with the company, with existing management reinvesting alongside AEI and retaining a significant stake.
"We are excited for the next step in our evolution as a company. The shared vision we have of disruptive innovation and technology integration into our existing capabilities present a massive opportunity to change the landscape in which we operate," said John Ayers in a press release. "Our partnership with AEI will bring the resources and expertise to help achieve those goals, dramatically impacting the capabilities we deliver to address our customers' ever-evolving needs."
REDLattice was founded in 2012 and is headquartered in Chantilly, Virginia, with additional operations in Maryland and Florida. The company is known for its work in cyber tool development, reverse engineering, and vulnerability research, having built a suite of proprietary tools enabling cyber operations, creating mission advantages and bringing state of the art solutions to the battlespace.
Founded in 1998, the Florida-based AEI has invested in 25 platform companies and completed more than 75 minority, add-on, and structured investments since 2015, for a total of more than $2 billion invested. Its portfolio companies include Enercon, Belcan, American Pacific, and Bigbear.ai. The firm is a signatory to the United Nations Principles for Responsible Investment and the ILPA Diversity in Action initiative.