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HII, PMC Capital Conclude Deal on UniversalPegasus Sale; Andy Green Quoted

Andy Green
Andy Green,, president of, HII Technical Solutions

TYSONS CORNER, VA, February 17, 2021 “” Huntington Ingalls Industries (NYSE: HII) has sold its engineering design subsidiary UniversalPegasus International to Los Angeles-based private equity firm PMC Capital Partners, GovCon Wire reported Feb. 5.

"PMC Capital is a great new home for UniversalPegasus International," said Andy Green, president of HII's technical solutions division and an inductee into Executive Mosaic's Wash100 for 2021. "It will enable UPI to continue to flourish, ensuring the business remains at the forefront of innovation and customer service in the future."

Ernst & Young Capital Advisors provided financial advice to HII on the sale process.

About Executive Mosaic

Founded in 2002, Executive Mosaic is a leadership organization and media company. It provides its members an opportunity to learn from peer business executives and government thought leaders while providing an interactive forum to develop key business and partnering relationships.

Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Executive Mosaic is headquartered in Tysons Corner, VA.

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Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

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