AEI Buys Majority Stake in Cybersecurity Services Provider REDLattice; Jeffrey Hart Quoted
AE Industrial Partners has purchased a controlling stake in cyber technology company REDLattice through its third fund that launched in November 2022.
John Ayers, founder and CEO of REDLattice, and Kevin Rummel, president and chief operating officer, will stay and keep significant ownership stakes in the company, AEI said Thursday.
Chantilly, Virginia-based REDLattice has been providing technology platforms and cyber capabilities, particularly in the field of reverse engineering, vulnerability research, cyber tool development and malware analysis, to defense, national security and commercial customers since 2012.
“The offensive cyber domain is evolving dramatically, and REDLattice’s exquisite capabilities and outstanding reputation will afford us a differentiator as we look to execute on our strategy,” said Jeffrey Hart, a principal at AEI.
Kirkland & Ellis and Ernst & Young respectively served as legal counsel and financial adviser to AEI in the transaction.
Miles & Stockbridge and Integral Business Counsel acted as legal advisers to REDLattice and Baird served as financial adviser to the company.
Gloss