Arlington Capital Partners-Backed Pegasus Steel Announces New Executive Team

Pegasus Steel LLC, a leading provider of complex fabricated steel structures used for the construction of submarines, aircraft carriers, and other naval and industrial systems, has announced key executive and board appointments. The company is backed by Arlington Capital Partners, a Washington, DC-based private equity firm focused on middle market investment opportunities in growth industries.

The newly appointed CEO of Pegasus Steel is Brian Carter, an industrial leader with over 25 years of experience. Carter has a proven track record of driving significant organic growth and transforming companies into industry leaders. Prior to joining Pegasus, he served as President and CEO of Seaspan Shipyards, where he added thousands of jobs and led the company to become an industry leader. Carter also held executive positions at General Dynamics' NASSCO unit and Nexii Building Solutions, helping the latter become Canada's fastest-ever private company to achieve a $1 billion valuation. As Carter takes the helm at Pegasus, Tony Deering, the company's founder and current CEO, will transition to the role of Executive Advisor.

Joining the board as an independent member is RADM (ret.) David Goggins, a highly accomplished submariner. Goggins served as the Navy's Program Manager for both the Virginia and Columbia Class programs and played a leadership role in the AUKUS partnership, an enhanced trilateral security partnership between Australia, the United Kingdom, and the U.S. His extensive experience in the defense industry makes him a valuable addition to Pegasus' board.

Matt DeMichiel has been appointed as Vice President of Corporate Development. DeMichiel brings with him a wealth of knowledge in the aerospace, defense, and industrial sectors, having previously worked at UBS Investment Bank and served as a Surface Warfare Officer after graduating from the Naval Academy.

These appointments mark a critical step for Pegasus as it aims to expand its production capacity, broaden capabilities, and strengthen its business infrastructure. The company's strategic growth vision aligns with the country's submarine and shipbuilding objectives, and under the leadership of new CEO Brian Carter, Pegasus is poised for further success.

With Arlington Capital Partners' financial backing and expertise in the defense sector, Pegasus has the necessary resources to achieve its growth objectives. The partnership between Arlington and Pegasus creates a promising future for the company as it strives to become a leading competitor in the steel fabrication industry.

About Arlington Capital Partners:

Arlington Capital Partners is a private equity firm based in Washington, DC, with approximately $7 billion in capital commitments under management. The firm focuses on middle market investment opportunities in growth industries, including aerospace and defense, government services and technology, healthcare, and business services and software. Arlington's professionals and network bring a unique combination of operating and private equity experience, making them a value-added investor. They partner with high-quality management teams to establish and advance their companies' positions as leading competitors in their respective fields.

About Pegasus Steel:

Pegasus Steel is a renowned provider of complex fabricated steel structures used in the construction of submarines, aircraft carriers, and other naval and industrial systems. The company specializes in cutting, forming, machining, and welding large-scale, intricate fabrications. Headquartered near Charleston, South Carolina, Pegasus Steel is committed to delivering high-quality products that meet the demanding standards of the naval and defense industries.

In summary, the newly appointed executive team at Pegasus Steel, led by CEO Brian Carter, brings a wealth of experience and expertise to the company. With the support of Arlington Capital Partners and its focus on growth industries, Pegasus is well-positioned to expand its production capacity and solidify its position as a leading provider of fabricated steel structures for the defense industry. The company's strategic vision aligns with the country's submarine and shipbuilding objectives, making it an exciting time for Pegasus Steel and its stakeholders.