Arlington Capital Partners creates new company from merger of acquisitions

Arlington Capital Partners, a Washington, D.C.-area private investment firm, has announced the formation of Keel Holdings LLC through the merger of existing Arlington portfolio company Pegasus Steel with the newly acquired Metal Trades LLC, Yonges Island, S.C., and Merrill Technologies Group, Saginaw, Mich.

With more than 1 million sq. ft. of manufacturing floor space and about 700 employees, Keel offers design, engineering, fabrication, machining, integration, assembly, finishing, and surface treatment across its nine facilities in Michigan and South Carolina. The company is a Tier 1 provider of large, fabricated structures to OEMs that serve the needs of the U.S. Navy, Army, Airforce, and Department of Defense.

“Keel is supporting the steep production ramp of the Columbia and Virginia class submarine programs by positioning itself to deliver turnkey structures and modules to its customers, empowering them to use valuable shipyard space more effectively,” said Ben Ramundo, a principal at Arlington.