Announced
Financials
Sources
Tags
Acquisition
Pending
defense technology
support services
Private Equity
United States
Defense
Private
Friendly
Single Bidder
Synopsis
DFW Capital-backed Sev1Tech, a leading provider in IT modernization, cybersecurity, and cloud services, agreed to acquire Engineering Solutions and Products, a premiere provider of C4ISR-focused solutions supporting the US Army’s vital warfare priorities. Financial terms were not disclosed. “We have a great team of experts dedicated to supporting our customer’s missions and a proven ability to deliver results,” said Doug Fouser, former ESP CEO. “We are confident that this acquisition will ensure the continued success of our business moving forward. Sev1Tech’s corporate culture, variety of service offerings, and emphasis on providing excellent customer service provides the ESP team with the right blend of growth and opportunity for the future.”
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