Alston & Bird client LinQuest Corporation, a space technology solutions provider, has been purchased by private equity firms Madison Dearborn Partners, LLC, and CoVant Management, Inc.
As part of the deal, which will allow LinQuest to expand its research-and-development work and build up its client offerings to support organic growth, LinQuest management, including its CEO, will retain a significant minority ownership position and will continue to lead the company.
Headquartered in Los Angeles, LinQuest designs, develops, and delivers state-of-the-art engineering and advanced technology solutions for the U.S. defense and intelligence communities.
Madison Dearborn Partners, based in Chicago, is a leading private equity firm that invests across a broad spectrum of industries, including business and government software and services. CoVant, located in McLean, VA, acquires and manages companies that support federal government agencies in the areas of defense and national security.
The Alston & Bird team advising LinQuest was led by partners Jeremy Silverman and Scott Kitchens and associate Logan Thore (Corporate & Business Transactions) and partners Mike Stevens (Employee Benefits & Executive Compensation) and Scott Harty (Federal & International Tax).