Tysons company acquired in $5B wireless tech deal

Casa del Fuego Family Office and Trust, an investment and asset management firm, has acquired Tysons-based Digital Global Systems, which provides technology to optimize radio frequency signals. The all-stock transaction is valued at $5 billion, according to a Tuesday announcement.

The acquisition is a 100% stock purchase, and DGS will operate independently as a subsidiary with its leadership team unchanged.

The acquisition will help to speed “the deployment of next-generation wireless capabilities across government, commercial and civilian networks,” according to the announcement.

“This marks a transformative chapter for DGS,” said Fernando Murias, chairman and CEO of DGS. “Joining Casa del Fuego gives us the strategic backing and global resources to fulfill our mission of redefining wireless networks through intelligent RF Awareness. We remain focused on enabling self-optimizing, autonomous networks powered by our patented AI-driven platform.”

Casa del Fuego is an investment entity led by CEO Oliver Patterson, a Canadian entrepreneur and founder of esports businesses Meta Game and Shockwave Holdings, according to his LinkedIn page. Casa del Fuego, which was started in 2024, has more than $30 billion in assets under management, including Oeno Group, a high-end line of wine and whiskeys.

“DGS’s unmatched technology and extensive patent portfolio make it a cornerstone of future wireless innovation,” Patterson said in a statement. “Together, we will set the standard for intelligent spectrum management and deliver cutting-edge solutions to both public and private wireless ecosystems.”

Earlier this year, the company announced it had 361 issued and allowed patents and 124 pending. As of September 2024, Digital Global Systems’ patent portfolio was independently valued at about $2 billion, according to a company announcement, and it has 43 staff members.

In May, DGS announced Lewis C. Merletti, a former director of the U.S. Secret Service and a U.S. Army Green Beret, had joined the company’s advisory board.