M&A Deal Summary

Sev1Tech Acquires Engineering Solutions & Products

On September 4, 2019, Sev1Tech acquired aerospace company Engineering Solutions & Products

Acquisition Highlights
  • This is Sev1Tech’s 1st transaction in the Aerospace sector.
  • This is Sev1Tech’s 1st transaction in the United States.
  • This is Sev1Tech’s 1st transaction in Virginia.

M&A Deal Summary
Date 2019-09-04
Target Engineering Solutions & Products
Sector Aerospace
Buyer(s) Sev1Tech
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)

Target

Engineering Solutions & Products

Chantilly, Virginia, United States
Engineering Solutions & Products (ESP) is a provider of acquisition, logistics and technology support services to the U.S. Department of Defense, particularly in the Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance ("C4ISR") area. Founded in 2000, the company has enjoyed steady growth and strong financial performance driven by high success rates on bids for new opportunities and recompetes. ESP employs over 1,200 engineers, technicians, and consultants with experience in IT services, military acquisition, logistics, and program management; nearly all ESP employees have security clearances.

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Buyer(S) 1

Buyer

Sev1Tech

Woodbridge, Virginia, United States
Category Company
Founded 2010
Sector Information Technology
DESCRIPTION

Sev1Tech is a provider of information technology, cybersecurity, cloud, and program management services and solutions to U.S. government agencies and major commercial organizations. Sev1Tech was founded in 2010 and is based in Woodbridge, Virginia.

DEAL STATS #
Overall 1 of 2
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Virginia) 1 of 1
Country (United States) 1 of 2
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-26 Geocent

Metairie, Louisiana, United States

Geocent serves the U.S. federal government through its strong reputation as an innovator in DevSecOps and engineering services, supporting critical missions across agencies. Geocent was founded in 1992 and is based in Metairie, Louisiana.

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