Farragut Invests in Parry Labs, LLC

WASHINGTON, D.C. – Farragut Capital Partners, Inc. (“Farragut”) is excited to announce the closing of a growth investment in Parry Labs, LLC (“Parry”).  Farragut made the investment, in the form of subordinated debt, to support the company’s continued growth and working capital needs.

Founded in 2016 and headquartered in Alexandria, Virginia, Parry is an edge technology solutions provider to the defense and commercial aviation markets.  Parry’s comprehensive end-to-end solutions enable and accelerate mission system capabilities with hardware and software architectures through their Stellar Relay Family of Systems that give warfighters decisive advantage and continuous upgrades.  As a digital systems integrator, the company delivers technologies that modernize current platforms and enable the future force with unmatched speed, affordability, and performance to major programs and platforms.

Farragut partner Javier Aguirre said of the transaction, “We’re thrilled to partner with John and the Parry team to support the company in its next stage of growth.  Parry’s momentum, differentiated service offering, and technology solutions are impressive.  We’re excited about this new partnership and the growth prospects for the business.”

John Parkes, CEO of Parry, added, “The need to digitally modernize our military’s tactical edge is paramount to national security.  The Farragut team understands our value proposition and is partnered in our success.  I am proud to work with them as we continue to invest in our products and capabilities to deliver for our customers.”

Parry joins Farragut’s growing portfolio of aerospace and defense-related investments including GTA Containers and Atlas Executive Consulting.

About Parry Labs, LLC

Parry Labs designs and deploys advanced systems solutions ranging from mission computing and power systems to RF solutions to defense and commercial markets. Parry Labs is the creator of Stellar Relay hardware and software family of systems, which provides the digital backbone and connectivity for the Multi-Domain Operations environment to exist on any Air, Ground, or Sea platform. Parry Labs has offices in Maryland, Virginia, Alabama, and Texas.

For more information on Parry, please visit https://parrylabs.com.