Carlyle's Majority Owened ARMADA Acquires Poseidon Industrial To Expand U.S. Navy Ship Repair; No Financial Terms Disclosed

Strategic acquisition strengthens ARMADA's Fleet and enhances its ability to deliver preservation, modernization, and technical services across naval programs.

ARMADA Parent Inc., a leading solutions provider for outsourced U.S. Navy ship repair and construction, today announced the acquisition of Poseidon Industrial LLC ("Poseidon"). Poseidon is a Virginia based company supporting the U.S. Navy and defense industry with mechanical, electrical, and systems integration services for modernization and repair projects. ARMADA, which is majority owned by Carlyle (NASDAQ:CG) and Stellex Capital Management, delivers integrated mission-critical solutions across its national footprint of operating companies that will be strengthened by this acquisition of Poseidon.

Poseidon provides turnkey modernization and professional services for ship repair and shipbuilding programs. Its capabilities include systems installation, AIT services, and comprehensive quality management aligned with U.S. Navy and defense requirements. The acquisition of Poseidon represents a strategic expansion of ARMADA's already extensive maritime and defense capabilities, and highlights ARMADA's continued investment in the defense industrial base, expanding its capabilities and footprint to meet future U.S. Navy modernization demands. Poseidon's reputation for precision, responsiveness, and integrity complements ARMADA's disciplined approach to preservation, fabrication, and technical execution. Together, the organizations will deliver unified, defense-focused services that uphold the highest standards of safety, quality, and performance across naval and industrial programs.