The private equity firm will provide financing to a government contractor, as other PE firms are also investing in federal businesses and tech.
Petricks appointment is part of the PE firms plan to expand its credit and capital markets business.
The investor is selling its majority interest when financial assets have been seeing interest.
Increasingly, private equity firms have bought into the chemical and industrials space--and will likely continue consolidating.
Lately, with the market performing far better than it was a year ago, more public-to-private deals have unfolded.
The uncertain markets make international expansion more difficult for portfolio companies.
Buyers are well aware of past mistakes in the death space, plus other news deal pros are talking about.
While the payment processing space has taken its lumps, a number of groups are looking to take advantage of the disruption.
Personnel activity slows, though a few notable names reemerge.
Marlin Equity's David McGovern wants the deals no one else will touch.