A. Bilal Noor
Managing Director · Arlington Capital Partners
A. Bilal Noor is a Managing Director at Arlington Capital Partners, a Washington, D.C.-based middle-market private equity firm, where he leads buyout and recapitalization investments in U.S. government-regulated industries. He focuses on companies with $50M, $500M enterprise value across aerospace and defense, healthcare, business services, software/IT, and government services and technology, pursuing buy-and-build platform strategies through add-on acquisitions.
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- Full Name
- A. Bilal Noor
- Title
- Managing Director
- Role
- Private Equity Investor
- Firm
- Arlington Capital Partners
- Firm Type
- Private Equity
- Investment Stage
- Middle Market Buyouts & Recapitalizations ($50M-$500M enterprise value)
- Sectors
- Aerospace & Defense, Healthcare, Business Services, Software & IT, Government Services & Technology
- Location
- Washington, D.C.
- Firm AUM
- $14+ billion across seven funds (Fund VII closed at $6 billion in 2025)
Background
A. Bilal Noor is a Managing Director at Arlington Capital Partners, a leading Washington, D.C.-based private equity firm founded in 1999 that focuses on leveraged buyout and recapitalization investments in middle market companies operating in government-regulated industries. Bilal joined Arlington in 2015 and is responsible for all aspects of the investment process, including deal sourcing, due diligence, transaction structuring, financing, and executing post-closing growth and add-on acquisition strategies. He has built a strong track record across multiple sectors, with particular depth in aerospace, healthcare, and business services.
Prior to Arlington, Bilal worked at H.I.G. Capital, where he focused on private equity buyout opportunities ranging from $150 million to over $1 billion in enterprise value. Before H.I.G., he was a member of the Leveraged Finance Group at Bank of America Merrill Lynch, where he covered a wide range of industries including business services, healthcare, and manufacturing. This progression from investment banking through large-cap private equity to middle-market investing gives him a comprehensive perspective across the capital structure and deal complexity spectrum.
Bilal holds an M.B.A. from Harvard Business School and a B.S. in Commerce from the University of Virginia. Arlington Capital Partners was recognized as one of the top 20 global mid-market buyout firms in the HEC Paris-Dow Jones Mid-Market Buyout Performance Ranking, which evaluated the aggregate performance of buyout funds raised between 2011 and 2020.
Investment Thesis & Focus
Bilal's investment focus at Arlington Capital Partners centers on U.S.-based middle market companies in government-regulated sectors and adjacent verticals. He targets companies valued between $50 million and $500 million that demonstrate strong potential for organic growth and opportunities for consolidation through add-on acquisitions. His approach emphasizes buy-and-build strategies, where he forms platform companies and executes multiple strategic acquisitions to generate revenue and operational synergies. His sector expertise spans aerospace and defense, healthcare services, government services and technology, business services, and software/IT. Arlington's strategy is to invest in companies with defensible positions in regulated markets and then accelerate growth through operational improvements and strategic acquisitions.
Notable Investments
- Kinetic Engine Systems (Current Board) -- Formed via the acquisitions of Numet Machining Techniques, AeroCision, and Walbar Engine Components, combined with engine assets from Cadence Aerospace
- Neumo (Current Board) -- Healthcare/medical devices portfolio company
- Radius Aerospace (Current Board) -- Aerospace forming and fabricating; executed acquisition of Doncasters' aerospace business in Sheffield and Shrewsbury
- Avenu Insights & Analytics (Former Board) -- Government technology and revenue management platform
- Everest Clinical Research (Former Board) -- Healthcare/clinical research services
- TRP Infrastructure Services (Former Board) -- Infrastructure services
- United Flexible (Former Board) -- Flexible packaging and engineered products
- Verus Aerospace (Former Board) -- Aerospace manufacturing
- Zemax (Former Board) -- Optical and illumination design software
- Cadence Aerospace (Former involvement) -- Aerospace manufacturing platform with multiple add-on acquisitions
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