Woodbridge, Va.-based information technology services contractor Sev1Tech has acquired Engineering Solutions and Products, a Chantilly, Va.-based provider of command, control, communications, computers, intelligence, surveillance and reconnaissance platforms to the U.S. Army, to broaden its services portfolio, expand its geographical footprint and develop partnerships with new federal and commercial clients.
Sev1Tech CEO Robert Lohfeld said in a statement published Wednesday ESP™s C4ISR and tactical field experience will help Sev1Tech build up its enterprise IT capabilities and provide a wider range of IT modernization services to the departments of Defense and Homeland Security.
œAs part of our mid-tier strategy, this transaction provides Sev1Tech with unique fielding and tactical capabilities. We are excited to demonstrate our commitment to customer service and introduced our enhanced IT capabilities for the U.S. Army, Lohfeld added.
Founded in 2000, ESP supports the Army across logistics and supply chain management, systems engineering and integration, training and readiness, mission and program support, cybersecurity and other IT areas. The company holds a spot on the service branch™s 10-year, $37.4B Responsive Strategic Sourcing for Services contract vehicle.
Investment bank Houlihan Lokey served as ESP™s exclusive financial adviser in the transaction. Sev1Tech received support from DFW Capital and Enlightenment Capital.
