Peraton Divests Systems Engineering, Integration, and Support Services Business

CHANTILLY, VA — September 30, 2021 – Peraton Corp. (“Peraton”) today completed the sale of its systems engineering, integration, and support services business, including the Peraton assets and subsidiaries that relate to this business (collectively, the “SES Business”), to CTFV Acquisition Corp. (“CTFV”), a portfolio company of The Veritas Capital Vantage Fund, L.P. (the “Vantage Fund”).

As a result of today’s sale, the SES Business will operate as an independent, stand-alone company continuing to provide critical systems engineering, integration, and support services. The separation of the SES Business and Peraton enables each company to independently focus its core capabilities to meet the mission needs of its respective defense and intelligence community customers.

The SES Business will be led by Damian DiPippa, who was previously president of Peraton’s Systems Engineering sector. The SES Business will re-brand itself under a new corporate name and identity.

The Vantage Fund is a Veritas Capital investment fund that independently invests in middle market companies, including those that provide critical products and services to government and other customers.

Jefferies LLC served as financial advisor to Peraton. Milbank LLP and Covington & Burling LLP served as legal counsel to Peraton. Latham & Watkins LLP served as legal counsel to the Vantage Fund.


Peraton is a national security company that drives missions of consequence spanning the globe and extending to the farthest reaches of the galaxy. As the world’s leading mission capability integrator and transformative enterprise IT provider, we deliver trusted, highly differentiated solutions and technologies that protect our nation and allies from threats across the digital and physical domains. Peraton supports every branch of the US Armed Forces, and we serve as a valued partner to essential government agencies who sustain our way of life. Every day, our employees do the can’t be done by solving the most daunting challenges facing our customers. Visit to learn how we’re safeguarding your peace of mind.

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