Private equity firm AE Industrial Partners, LP (AEI), specializing in aerospace, defense and government services, power generation, and specialty industrial markets, has announced the acquisition of a majority interest in NuWave Solutions, the company said.
NuWave is a provider of data management, advanced analytics, artificial intelligence, machine learning and cloud solutions delivering anticipatory intelligence and advanced decision support solutions and technologies to the federal government.
Terms of the transaction were not disclosed.
AEI also announced that industry veterans Dr. Reggie Brothers and Michael Buscher have joined NuWave as chief executive officer and Chief Growth officer, respectively.
Mark Keyser, Co-Founder of NuWave, will be reinvesting into the platform and is remaining with the company as an Advisor to the board of directors.
NuWave will be a new standalone platform for AEI as the firm continues to expand its Defense and government Services reach into the advanced analytics and artificial intelligence domains.
NuWave Solutions is a provider of data management, advanced analytics, artificial intelligence, machine learning, and cloud solutions that delivers anticipatory intelligence and advanced decision support solutions and technologies to the federal government. NuWave provides innovative, customized solutions through development, selection, and integration of leading technologies.
AE Industrial Partners invests in market-leading companies that can benefit from our deep industry knowledge, operating experience, and relationships throughout its target markets.