Lafayette Square provided debt capital to support the NewSpring acquisition of C Speed, a provider of radar systems and engineering solutions for civilian and military use globally.
“With increasing demand for innovative, cost-effective security and surveillance solutions, C Speed’s expertise in radar systems and technology integration presents a unique investment opportunity,” Tom Mullin, director at Lafayette Square, said. “C Speed understands the value of partnering with government, given its long-standing relationships in the federal services sector. We look forward to partnering with NewSpring to help drive the company’s future growth.”
“We are excited to embark on this next chapter with support from NewSpring and Lafayette Square,” David Lysack, president and CEO of C Speed, said. “By partnering with NewSpring and Lafayette Square, we can continue to advance our technology and expand into markets that truly need our solutions.”
“C Speed’s proven expertise in radar systems and solutions is aligned with our strategic growth within the government services sector,” Lee Garber, general partner of NewSpring, said. “With funding from Lafayette Square and a shared commitment to supporting and empowering C Speed’s talented workforce, we are well-positioned to enhance our technological offerings, drive innovation and broaden our impact across key sectors.”
