May 14, 2019 – Acorn Growth Companies, a private equity firm investing exclusively in aerospace, defense, and intelligence, announced today the acquisition of DIMO Corporation (DIMO), headquartered in New Castle, Delaware.
Sohrab Naghshineh, DIMO’s founder, will continue to serve as its president focusing on supporting the company’s strategic growth initiatives as well as assisting other Acorn portfolio companies to address business opportunities in international markets. Omid Naghshineh will serve as COO.
Acorn Growth Companies is a middle market private equity firm focused exclusively on Aerospace, Defense and Intelligence. Acorn invests solely in operating companies that strive to enhance global mobility and protect national interests. Acorn has a formidable reputation in the industry and is recognized for its deep understanding of the Aerospace & Defense markets, with proprietary access to the best companies within these sectors. With operational expertise and its ability to lead and manage investments through variable economic and industry cycles, Acorn works in tandem with management to build its portfolio companies into significant market leaders.