Trive Capital, a Dallas-based private equity firm, has made an investment in Forward Slope Inc., a provider of software and surveillance services for the defense industry.
Forward Slope focuses on the development of tactical visualization systems, geospatial mapping tools, data science, cybersecurity, and global surveillance services for the U.S. Navy and other national security customers. Current CEO Carlos Perischetti will continue to lead Forward Slope and has invested alongside Trive as part of the transaction.
We believe that the Company’s core competencies in data fusion and system modernization will become increasingly important as the battlespace becomes more interconnected,” says David Stinnett, partner at Trive Capital. “Through a combination of organic investment and potential acquisitions, we are excited to partner with Forward Slope to build another platform supporting the defense against the growing threat of near-peer nation states.”
Sheppard Mullin served as legal counsel to Forward Slope. D.A. Davidson acted as financial advisor and Haynes & Boone LLP served as legal counsel to Trive Capital.