14A — October 11 - 24, 2019 — M id A tlantic
Real Estate Journal
www.marej.com
D el M ar V a Company acquires Engineering Solutions &Products, LLC Prince William County congratulates Sev1Tech, LLC
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IT modernization, cybersecu- rity, engineering, and program optimization support to the Department of Homeland Se- curity, Department of Defense, Federal agencies as well as commercial customers. ESP’s portfolio integration now in- cludes C4ISR-focused solutions supporting the U.S. Army’s vital warfare priorities in the areas of systems engineering and integration, logistics and supply chain management, mission and program support, training and readiness. As well as ensuring ESP’s legacy as one of the top-performing contractors on the Responsive Strategic Sourcing for Services (RS3) vehicle. 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. “DFW Capital and I are so excited to have Enlightenment Capital as part of the Sev1Tech team,” added Lohfeld. “They bring additional depth and knowl- edge in our space as well as a track record of building the best mid-tier company in the marketplace.”
RINCE WILLIAM COUNTY , VA — P r i n c e W i l l i am
County Department of Economic Development congratulates Sev1Tech, a pro- vider in IT modernization, cy- bersecurity and cloud services on its successful completion of the acquisition of Engineering Solutions and Products (ESP). The acquisition of ESP is part of Sev1Tech’s growth strategy that has now doubled its portfolio of service offerings and expanded its Woodbridge- based headquarters geographi- cal footprint into more than 38 U.S. states and international locations. “Enhancing Sev1Tech’s Enterprise Core IT capabili- ties with ESP’s long legacy of C4ISR and tactical field expe- rience will allow us to offer a broader range of moderniza- tion services to our DHS and DOD customers,” said Bob Lohfeld, CEO of Sev1Tech. “As part of our mid-tier strat- egy, this transaction provides Sev1Tech with unique field and tactical capabilities. We are excited to demonstrate our commitment to customer service and introduce our
enhanced IT capabilities to the U.S. Army.” “We are delighted to con- gratulate Sev1Tech in the successful acquisition of ESP, a well-established and recog- nized company that will grow the business, services and brand reputation and most importantly increase highly skilled jobs in Prince William County,” said Christina Winn, Executive Director, Prince William County Department of Economic Development. “We are passionate about support- ing our businesses’ success and providing a climate for growth.” Sev1Tech has experienced steady growth over the past 10 years by focusing on providing Shown from left: Doug Fouser, former ESP CEO and Bob Lo- hfeld, CEO of Sev1Tech.
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