Houlihan Lokey Advises BCubed on Its Sale to Auria

Houlihan Lokey is pleased to announce that BCubed Engineering Corporation (BCubed) has been acquired by Auria Space, LLC (Auria), a portfolio company of Enlightenment Capital. The transaction closed on January 16, 2026.

Based in Northern Virginia, BCubed is a leader in delivering end-to-end, software-defined command, control, and communications (C3) solutions supporting the U.S. Space Force, Special Operations Command, and Intelligence Community. The company’s solutions enable resilient, integrated operations across space, ground, and tactical environments through software-defined satellite communications, digital ground systems, and cloud-native command-and-control platforms.

Headquartered in Colorado Springs, Colorado, Auria is an innovator and integrator of solutions across the C3 continuum for advanced space and missile operations. Solutions provided by Auria include the development, integration, and deployment of systems supporting space operations, space domain awareness, satellite communications (SATCOM), and missile defense for federal, international, and commercial customers. The company’s success is built on the excellence of diverse teams advancing innovative systems and operational software to strengthen its customers’ superiority in Space.

The acquisition of BCubed further expands Auria’s software and hardware products and solutions across the C3 continuum, connecting space mission and ground station technologies to the tactical edge in a cohesive operational architecture. Together, Auria’s solutions are designed to move mission data and tasking seamlessly from enterprise command layers through operational ground systems and forward-deployed end users, enabling faster decision-making, greater mission agility, and resilient execution in contested and denied tactical environments.

Houlihan Lokey served as the exclusive financial advisor to BCubed and marketed, structured, and negotiated the transaction on its behalf.

Houlihan Lokey’s Aerospace, Defense & Government team has more than 20 financial professionals in Washington, D.C., London, and Los Angeles, and is among the largest dedicated industry banking groups worldwide.

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