Private equity firm Arlington Capital Partners is purchasing the defense and security business of iRobot Corp. (Nasdaq: IRBT) to operate it as a yet-to-be-named independent company providing robots for the U.S. military and other clients.

Washington, D.C.-based Arlington Capital will pay up to $45 million to the Bedford, Massachusetts, company for the business, depending on whether certain milestones are met, and the deal is expected to close in the next few months. The new company will be the largest independent provider of ground-based robots to the U.S. Department of Defense, and will also sell robots in the security, industrial and non-U.S. defense markets. Arlington is a middle-market focused PE firm with $1.5 billion of committed capital that focuses on government related growth industries including aerospace and defense, government services and technology, health care, business services and software.

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