Financial
Tech & Cybersecurity

Arlington Capital Partners-Backed Firm Octo Buys Herndon-based B3 Group

MBS Staff
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A Chevy Chase, Maryland-based private equity firm made another northern Virginia tech company acquisition via one of its own investment opportunities.

Arlington Capital Partners, with headquarters in the Friendship Heights neighborhood, raised a $1.7 billion fund, which it has drawn upon to make some local investments. The company's equity investment in Reston-based Octo is paying off, as the tech firm’s growth led it to purchase another fellow northern Virginia IT company. 

Octo — a portfolio company of Arlington Capital Partners — announced recently that it acquired privately held, Herndon-based B3 Group, Inc.

While Octo uses technology for problem solving some of the Federal Government’s greatest operational challenges, B3 specializes in utilizing information technology through digital services and technology solutions that helps veterans.

"B3 adds differentiated capabilities in low-code/no-code software development to the suite of Octo’s solutions. We look forward to serving the U.S. Department of Veterans Affairs, bringing these expanded capabilities to our existing customers, partnering with B3’s management, and investing behind their modernization growth vectors," said Michael Lustbader, a Managing Partner of Arlington Capital Partners.

Arlington Capital Partners has several D.C. area-based firms in its portfolio, including Alexandria-based Systems Planning & Analysis, Inc., which it merged with McLean-based MCR, LLC in October 2021.

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