ARLINGTON CAPITAL PARTNERS

Thesis

Arlington Capital Partners (ACP) is a private equity firm founded in 1999 and headquartered in Bethesda, Maryland. They focus on regulated industries and government-related sectors, specifically targeting Aerospace and Defense, Government Services and Technology, Healthcare, and Business Services and Software. ACP seeks companies with strong growth potential in 'high consequence sectors' characterized by complex regulations and mission-critical functions. Their strategy involves partnering with management teams to acquire control positions and build differentiated middle-market businesses through strategic expansion, add-on acquisitions, and operational improvements. ACP is an active investor with a preference for control-oriented investments and a growth equity focus. Their average investment range is $30 million to $50 million, with a sweet spot check size of $132.5 million, typically acquiring companies with enterprise values between $100 million and $750 million. As of November 2025, their seventh fund, ACP VII, closed with $6.0 billion in commitments, bringing their total raised capital to over $14.0 billion across seven funds. They report over $8 billion in total AUM. The firm primarily invests in companies based in the United States and Canada, with a focus on businesses serving the U.S. government.

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• Series C+ investors based in Bethesda, MD