New York-based ATL Partners has acquired Geost, a small Arizona firm that makes sensors that can watch and protect satellites from threatening spacecraft.
Firm officials called it the first in a coming series of investments in a market that’s expected to grow exponentially as the Pentagon puts thousands of small satellites into orbit in coming years.
“They [Geost] really punch above their weight with their technology and their capabilities and their customer set,” said Michael Kramer, a principal with the ATL Partners. “You look at what they do—they’re competing with Raytheon, they’re competing with General Atomics—and they’re a small company. We’re really excited to partner with them, but then take them to the next level.”
The terms of the deal were not disclosed.
