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Chesapeake Technology Plots a New Path with Private Equity Backing
Chesapeake Technology International has been in business for 23 years and wants to take on a new identity for itself as an integrator of converged software solutions for defense and intelligence agencies. What spurred that new mindset? CTI decided it needed a private investment partner to inject capital into the business and help guide the company through that expansion push. Enter into the equation Bluestone Investment Partners, a private equity firm focused on lower middle-market government contractors. Bluestone acquired majority ownership of CTI in 2021.