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JANUARY 13, 2026
Bart & Associates (DFW Capital Partners) acquires Celestar
TARGET
Celestar
Celestar delivers multi-INT intelligence analysis, data enterprise support, and training solutions to U.S. Department of Defense and Intelligence Community agencies.
OwnershipFounder-owned
Headcount201-500 FTEs
HeadquartersTampa, Florida
Leadership
Gregory J. Celestan, Chief Executive Officer
Sell-side advisorD.A. Davidson
ACQUIRER
Bart & Associates
Portfolio company of DFW Capital Partners
OwnershipPE-backed
ParentDFW Capital Partners
Investors—
Headcount490 FTEs
HeadquartersMcLean, Virginia
Leadership
Jonathan Evans, President and CEO
Buy-side advisor—
Share deal Copy detailsView press release ↗
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