- October 2, 2021
- Posted by: Stratford Team
- Category: Business
Peraton’s systems engineering business to go it alone as new company
Veritas Capital acquires unit through its Vantage Fund
Private equity firm Veritas Capital did not look too far afield to identify acquisition number one for its “Vantage Fund” focused on the government market’s middle tier.
Veritas portfolio company Peraton said Thursday it is parting ways with the systems engineering, integration and support services business it calls “SES.” The acquirer is CTFV Acquisition Corp., a portfolio company of The Veritas Capital Vantage Fund LP.
CTFV is the temporary name for the standalone company that will eventually take on a new name and identity. That company’s CEO will be Damian DiPippa, a three-decade federal market veteran who has led that business at Peraton since April.
DiPippa joined Peraton through its combination…