ATL Partners has made a majority investment in Geost LLC. Headquartered in Tucson, Arizona, Geost is a designer and integrator of small-to-medium sized electro-optical/infrared sensors for space missions.
“Geost is experiencing an exciting phase of growth and we are very excited to have found a partner in ATL to help us scale with our customers,” said Anthony Gleckler, president and founder of Geost. “They share our enthusiasm for the Geost mission to support national security space programs as we work to address the near-peer threat in space. We were energized when ATL approached us with an investment thesis that aligned so well with our vision and they will support us as we invest in future opportunities.”
“Geost represents a truly unique asset in the space market that punches well above its weight,” said Sanjay Arora, partner at ATL, and Michael Kramer, principal at ATL. “It will serve as ATL’s platform to invest in industry-leading technology and capabilities in the space domain that address the national security needs of the United States and its allies. We are excited to partner with Tony and the Geost management team to accelerate the Company’s growth through organic initiatives as well as strategic acquisition opportunities.”
Quilty Analytics served as financial advisor and Williams Mullen PC served as legal counsel to Geost. KippsDeSanto & Co. served as financial advisor and Gibson, Dunn & Crutcher LLP served as legal counsel to ATL.