NEW YORK - Rothschild, the privately-held investment and merchant bank, said Wednesday it had formed a strategic alliance with Global Technology Partners LLC, a Washington, D.C. consulting and advisory firm run by several former Pentagon officials.
With the alliance, Rothschild gains additional contacts and expertise in the defense and aerospace industries, which the firm expects to tap for mergers and acquisition advisory opportunities and private equity investments.
The partnership included a "financial arrangement," but an official at the firm declined to comment on the specific details.
Senior partners at Global Technology Partners include William J. Perry, who was U.S. Secretary of Defense from 1994 to 1997 and now chairs the firm, and John M. Deutch, a former director of central intelligence for the United States.
The firm will open a main office in Boston, where three of its partners teach.
One of the drivers to the partnership is the change and consolidation happening among second- and third-tier defense companies, and the increasing cross-border relationships between these firms, Rothschild said in a statement.
Global Technology Partners formerly had a partnership with Donaldson Lufkin & Jenrette's merchant banking arm, where it provided advice for direct investments in the defense and aerospace.