MCLEAN, Va. – April 22, 2019 – Trowbridge & Trowbridge LLC (“Trowbridge”) is pleased to announce its recently completed financial purchase by Enlightenment Capital (“Enlightenment”), to fuel their continued growth and to support their continued transition to a large business. Under the terms of the purchase, the current Trowbridge management team will stay in place, and Cass Panciocco, the company’s COO, has assumed the role of President & CEO of Trowbridge. Trowbridge founder Karen Trowbridge will support the company as a strategic advisor and serve on the company’s Board of Directors.
“The Trowbridge management team was receptive to Enlightenment’s financial backing to enable the company’s continued organic growth trajectory coupled with the exploration of future acquisitions. Additionally, by making Trowbridge a platform, the Enlightenment team provided us the ability to maintain our culture and mission delivery focus which we have built over the last 12 years,” says Karen Trowbridge.
“Enlightenment is our ideal investment partner, as they understand the sector and share our vision to create a platform for service delivery excellence as we transition to the mid-tier. This partnership strengthens Trowbridge’s capacity to pursue strategic growth initiatives and to invest in new capabilities required by our customers”, Panciocco added.
“Enlightenment plans to leverage this investment to add new services, support new and existing customers, and strengthen Trowbridge’s mission capabilities. Moving forward, the partnership will enable Trowbridge to continue delivering innovative next generation services to the Government sector and to position the company more effectively for larger projects in the full and open market both organically and through M&A.” said Jason Rigoli, Partner at Enlightenment Capital.
Trowbridge is an award-winning provider of cloud, cyber, and next-gen digital solutions to defense, intelligence, and federal civilian markets. Headquartered in McLean, Virginia, with locations and staff nationwide, Trowbridge helps move missions forward to support the American people and the national security of the country. To learn more or join the team, visit www.tt-llc.com.
About Enlightenment Capital
Enlightenment Capital, a Washington, DC area based private investment firm, provides senior debt, mezzanine debt, and equity to middle market companies in the Aerospace, Defense & Government (ADG) sector. The firm partners with businesses that provide vital services, protect critical infrastructure, innovate cyber and data solutions, enhance decision making capabilities, engineer aerospace systems, safeguard national security, and endeavor to meet the challenges of today and tomorrow. For more information, visit www.enlightenment-cap.com.