ORBCOMM Acquisition | Technology Deal in VA

Carlyle has completed the refinancing of ORBCOMM, a enterprise software business in Virginia, for $460 million. ORBCOMM provides industrial IoT asset intelligence and connectivity for transportation, maritime, logistics, and industrial operations, supporting more than 1,000 enterprise customers and over 3 million connected assets globally. Through VIACHAIN and SKYWAVE, ORBCOMM delivers supply chain visibility and hybrid satellite-cellular IoT connectivity that enables monitoring, management, and optimization of distributed physical assets. The other acquisition structure refinances existing debt and adds committed undrawn delayed-draw term loan and revolving credit capacity to fund platform expansion and long-term customer deployments following the ORBCOMM acquisition by GI Partners in 2021. Technology M&A in VA acquisitions involved Bain Credit’s Private Credit Group and Morgan Stanley Private Credit, with the refinancing closed in April 2026.