Tysons IT company acquires Fla.-based tech training company
By Light Professional IT Services LLC buys Raydon
Tysons-based information technology company By Light Professional IT Services LLC announced Friday it has acquired Port Orange, Florida-based technology training company Raydon.
Financial terms of the acquisition were not disclosed.
Founded in 2002, By Light provides engineering, cyber, modeling and simulation services to defense and government agencies, employing more than 2,000 people. Raydon, which formed in 1988, provides engineering, custom manufacturing and supply chain management services to support the Department of Defense’s virtual training and simulation programs.
“The acquisition of Raydon strategically expands By Light’s existing capabilities within modeling and simulation and virtual training,” By Light founder and CEO Bob Donahue said in a statement. “Raydon will enable By Light to provide end-to-end solutions in support of the Army’s virtual training, ultimately advancing warfighter proficiency with an extremely high transfer of skills from simulation to live engagement.”
By Light is a portfolio company of Sagewind Capital LLC, a New York-based middle-market private equity firm that invests in government services, aerospace and defense, software, IT, health care and business services.
Truist Securities served as a financial adviser to Raydon during the transaction.