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Madison Dearborn, CoVant acquire military tech solutions provider LinQuest

Madison Dearborn Partners LLC and CoVant Management Inc. acquired U.S. defense technology solutions contractor LinQuest Corp.

LinQuest's chief executive, Leon Biederman, and its management will continue to lead the company and will retain a significant minority ownership position, the buyers said in a statement.

Financial terms of the transaction were not disclosed.

Based in Los Angeles, LinQuest develops engineering and space systems technology solutions for the military and intelligence communities in the U.S.