- Eleven-time Wash100 winner Ramzi Musallam is leading Veritas Capital through continued prosperity
- He’s made a flurry of acquisitions in critical sectors like healthcare and energy
- Veritas even exceeded its own expectations when closing its most recent Fund IX Strategy
Veritas Capital is on quite the winning streak in 2026. Led by Ramzi Musallam, CEO and managing partner, and 11-time Wash100 Award winner, Veritas has broadened its stake in essential government-regulated and mission-critical industries like healthcare, energy and defense and intelligence, with a flurry of acquisitions.
The company, which has more than $50 billion in assets under management, also exceeded its own expectations by closing another fund round. Veritas’ hot streak is even more impressive considering the poor economic climate for private equity fundraising among high interest rates. Dig into five major recent moves made by Veritas and why it will set the tone for private equity investments in 2027.
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What Are Major Moves by Veritas Capital in 2026?
1. EPIQ Design Solutions Sold to TTM Technologies
Veritas, through its Vantage strategy, agreed to sell EPIQ Design Solutions to TTM Technologies for $1 billion. Acquired by Veritas in 2022, EPIQ evolved from a premier developer of small-form-factor software-defined radio solutions into a wider mission-critical RF and embedded computing platforms.
EPIQ later invested in organic product innovation while performing a strategic mergers and acquisition program, completing acquisitions of Xiphos Systems and Cyber Radio Solutions. These, respectively, expanded EPIQ into space-based computing and strengthened its high-performance radio frequency capabilities.
EPIQ specializes in radio technology serving customers across the commercial, government and defense sectors. The company has developed a reputation for high-performance, size- and energy-efficient technology that drives superior interoperability across a variety of missions, including:
- Signals intelligence
- Electronic warfare
- Unmanned systems
- Space applications
2. Acquisition of Steampunk, Merged With MetroStar Systems
Veritas’ Vantage Fund agreed to acquire Steampunk and merge it with existing portfolio firm MetroStar Systems, an AI-enabled services provider for the defense and IC sectors, to create a digital titan. This combines MetroStar’s digital transformation work with Steampunk’s “design intelligence” approach to create a larger GovCon entity.
“The combination of MetroStar and Steampunk will create a powerful force multiplier for delivering mission-critical solutions at scale,” said Hugh Evans, Veritas managing partner. “Together, the companies will provide agency partners with AI-enabled solutions to move with agility, meet mission demands faster, and harness cutting-edge technology that drives mission impact.”
The transaction is expected to close by the end of September. Veritas had previously acquired MetroStar in November 2025.
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3. Purchase of BGIS
Veritas in July announced it entered into an agreement to acquire BGIS from CCMP Capital Advisors and Alberta Investment Management Corp. BGIS is a technical integrated facilities management services firm with extensive engineering expertise and proprietary technology serving public and private-sector clients.
BGIS uses a skilled technical workforce with a purpose-built Digital Facility Management platform to help operators of critical technical infrastructure manage and optimize their real estate portfolios on a global scale. BGIS manages more than 65,000 facilities totaling more than 620 million square feet globally.
The acquisition is expected to close by the end of 2026.
4. Exceeded Fund IX Strategy
Veritas in February closed its Fund IX strategy at $15.3 billion, exceeding its initial $13 billion target. This marked a significant achievement amid a pronounced slowdown in private equity fundraising. Fund IX had a 40-percent increase from Fund VIII, which itself was 68 percent larger than Fund VII.
“Our ability to raise $15.3 billion underscores the strength of our platform and our investors’ conviction in our ability to outperform,” said Musallam. “We deploy capital where modernization is structural and complexity creates durable opportunity, positioning us to generate sustained returns across market cycles.”
5. Plethora of non-GovCon Acquisitions
Veritas has been extremely active on the non-GovCon front with a trio of acquisitions. The firm agreed in August to purchase Trinity Consultants from Oak Hill Capital, an engineering and consulting firm. Trinity Consultants works with clients in sectors like advanced manufacturing, life science, healthcare and other technically-demanding facilities to resolve complex environmental, engineering and compliance challenges.
Veritas in August also made a major utility play by inking a deal to acquire Saber Power Services from Greenbelt Capital Management. Saber Power is a fully-integrated power infrastructure services platform that helps customers build, modernize and maintain critical electrical systems. The company is positioned at the center of a buildout of electrical infrastructure driven by rising power demand, AI and data center expansion as well as advanced manufacturing and renewable energy.
Global Health Exchange, or GHX, agreed to have a majority stake acquired by Veritas in January. GHX is a supply chain software platform that provides connectivity between health care providers and suppliers while providing insight into operationally complex and inefficient healthcare supply chains.
