TYSONS, Va. (April 12, 2024) – Holland & Knight advised Blue Delta Capital Partners in connection with its $25 million investment in Herrick Technology Laboratories (HTL), a leading provider of high-performance signals intelligence, electronic warfare (SIGINT/EW) and communications products and systems to the U.S. Department of Defense. The transaction was announced on April 10.
HTL will use this investment to accelerate the development of a new product line and make acquisitions in augmenting tech areas.
Based in McLean, Virginia, Blue Delta is a government market-focused investment firm that acquires non-controlling stakes in emerging businesses. In just over a decade, Blue Delta has made 21 investments in the federal government services sector.
Headquartered in Germantown, Maryland, HTL designs and manufactures integrated hardware and software products and systems implemented through a Core Software Defined Radio (SDR) platform. HTL originally began as a research and development laboratory focused on signal detection and exploitation systems for the Defense Department.
Holland & Knight Partners Adam August and Jose Morales and Associate Christian Kaiser led the firm's representation of Blue Delta.
More information on the transaction can be found here.
Holland & Knight regularly ranks among the leading M&A and private equity law firms in reputable, benchmarking league tables published by Bloomberg, LSEG (formerly Refinitiv), Mergermarket, PitchBook and The Deal. In 2023, the firm ranked among the top five most active law firms in the U.S. and top 10 globally for its work in the space. Through the HK Deal Flow SM program, Holland & Knight facilitates deal leads for clients and prospective clients by matching acquisition or capital raising opportunities with buyers and investors.
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