Armed With New $3.8 Billion Fund, Arlington Capital Forms Defense Manufacturer KEEL

Arlington Capital Partners is launching a company that seeks to build a nuclear-powered vessel supply network for the military, and the private-equity firm is backing the deal from a newly raised $3.8 billion fund.

KEEL Holdings will serve as a subcontractor on key defense programs, including helping build Columbia-class ballistic-missile submarines and Virginia-class attack submarines. Much like aerospace companies have done on the commercial side, the South Carolina-based company aims to speed up vessel delivery by building an integrated supply network as the U.S. ramps up defense production.

Read More