Veritas Capital, a private investment firm, has acquired CAES Space Systems, an independent supplier of electronic services for space, defense, healthcare and industrial applications.

Headquartered in Colorado Springs, CAES Space Systems provides radiation-hardened components, mission processing, cabling, waveguides, antennas and power management services. Mike Elias, senior vice president and division general manager, will continue to lead CAES Space Systems, alongside the rest of the management team.

“Operating in space and defense markets supporting national security, CAES Space Systems is well-positioned to thrive as a standalone business under Veritas ownership,” says Ramzi Musallam, chief executive officer and managing partner of Veritas. “We will deploy our significant government technology experience working with Mike Elias and rest of the CAES Space Systems team to accelerate growth and value proposition to customers.”

Goldman Sachs & Co. LLC and Lazard Frères & Co. LLC are acting as financial advisors to CAES. Gibson, Dunn & Crutcher LLP is acting as legal advisor to Veritas in connection with the transaction.