Sev1Tech has completed the acquisition of Engineering Solutions and Products (ESP). ESP provides C4ISR-focused solutions to the U.S. Army. The acquisition of ESP will allow Sev1Tech to expand its portfolio of services offerings, engage with new Federal agencies and commercial customers, and extend its geographical footprint to more than 38 U.S. states and international locations.
Founded in 2000, ESP has focused its mission on supporting the U.S. Army in the areas of systems engineering and integration, logistics ad supply chain management, mission and program support, training and readiness, as well as information technology and cybersecurity. ESP is one of the top-performing contractors on the Responsive Strategic Sourcing for Services (RS3) vehicle.
Sev1Tech has experienced steady growth over the past 10 years by focusing on providing IT modernization, cybersecurity, engineering, and program optimization support to the Department of Homeland Security, Department of Defense, Federal agencies as well as commercial customers. The addition of ESP’s C4ISR services and Army-centric portfolio will more than double the current size of Sev1Tech and enable the company to significantly enhance its presence supporting the U.S. Army’s missions.
“Enhancing Sev1Tech’s Enterprise Core IT capabilities with ESP’s long legacy of C4ISR and tactical field experience will allow us to offer a broader range of modernization services to our DHS and DOD customers,” says Bob Lohfeld, CEO of Sev1Tech. “As 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.”
Houlihan Lokey served as the exclusive financial advisor to ESP and Sev1Tech is backed by DFW Capital and recently added private equity firm, Enlightenment Capital.