TYSONS, Va. (April 12, 2024) – Holland & Knight advised Blue Delta Capital Partners in connection with its $25 million investment in Herrick Technology Laboratories (HTL), a leading provider of high-performance signals intelligence, electronic warfare (SIGINT/EW) and communications products and systems to the U.S. Department of Defense. The transaction was announced on April 10.

HTL will use this investment to accelerate the development of a new product line and make acquisitions in augmenting tech areas.

Based in McLean, Virginia, Blue Delta is a government market-focused investment firm that acquires non-controlling stakes in emerging businesses. In just over a decade, Blue Delta has made 21 investments in the federal government services sector.

Headquartered in Germantown, Maryland, HTL designs and manufactures integrated hardware and software products and systems implemented through a Core Software Defined Radio (SDR) platform. HTL originally began as a research and development laboratory focused on signal detection and exploitation systems for the Defense Department.

Holland & Knight Partners Adam August and Jose Morales and Associate Christian Kaiser led the firm's representation of Blue Delta.

More information on the transaction can be found here.

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