AEgis Technologies, one of Alabama’s leading technology and defense companies, announced on Oct. 23 that it has a new majority shareholder and a new CEO.
Private equity firm Arlington Capital Partners, based in Washington D.C., invested an undisclosed amount in AEgis that makes it a majority stakeholder.
The new CEO is Jonathan Moneymaker, a manager whose background includes a concentration in technological services with intelligence applications.
AEgis, founded in 1989, is privately held and specializes in modeling and simulation technology and virtual and augmented reality simulators for training, especially military training.
“We have found a partner in Arlington that will remain committed to this mission as the company enters its next phase of growth,” said AEgis co-founder Steve Hill, whom Moneymaker will replace as CEO. Hill will remain a substantial shareholder in AEgis and a member of the board of directors.
Moneymaker was most recently president of Altamira Technologies, a contractor with defense and intelligence customers. Prior to that, he was general manager of the Intelligence Systems Group at Boeing, where he was responsible for more than 1,000 employees providing services to intelligence and special operations customers.
Arlington expects its investment to accelerate AEgis’ growth “by investing in internal research and development, as well as pursuing strategic acquisition opportunities,” said Henry Albers, an Arlington vice president.
AEgis employs more than 350 workers. Besides its Huntsville headquarters, it has facilities in New Mexico, Florida, Colorado, Virginia, Rhode Island and Texas.
