The News
Carlyle has acquired Secturion Systems, the first deal from the private-equity firm’s new fund focused on medium-sized companies that sell to the government.
The DC-based investment firm, which has $475 billion of assets under management, has been raising up to $3 billion for a new platform that focuses on mid-market companies in aerospace, defense, and supply-chain resiliency, people familiar with the matter said. (The effort was first reported by Bloomberg.)
Secturion’s customers include the US Navy and Defense Logistics Agency, which manages the military’s supply chain.
In a statement, Ian Fujiyama, the fund’s chairman, called Secturion a “compelling fit” for its first investment.
Private-equity firms are racing to seize on an uptick in military spending across the US and Europe. PE investments in global defense and aerospace companies exceeded $50 billion in 2025, just shy of 2021’s record, according to Pitchbook data, with a record 332 deals struck last year.
Know More
Founded in 2012, Secturion’s hardware encryption technology meets the NSA-1 designation, meaning it can be used to transmit classified data across military systems. The financial terms of the deal weren’t disclosed.
“As quantum computing advances and AI-enabled threats grow more sophisticated, the need for hardware-based, high-assurance encryption has never been greater,” Secturion’s incoming CEO, Sean Berg, said in a statement.