Roy Kapani, founder of ECS, has acquired Systems Engineering Associates Corp. for an undisclosed sum through a private transaction.
SEACORP President Dave Lussier will continue to lead the company along with his executive team that includes Tanya Zaleski, chief financial officer; Dave Cadorette, senior vice president; and Craig McMillian, SVP, the company said Wednesday.
Middletown, Rhode Island-based SEACORP was founded by Brian Gilligan in 1981. The company has over 400 employees focused on delivering software and hardware engineering, systems and test and evaluation support services to the U.S. Navy.
“This partnership will allow us to further build our brand, broaden our portfolio of capabilities and expand into new customer segments by investing in the business, both organically and with strategic acquisitions,” Lussier said.
Kapani has assumed responsibilities as chairman and CEO of SEACORP as a result of the transaction. He founded ECS in 2001 and ran the government technology contractor until its acquisition by ASGN (NYSE: AGN), then On Assignment, in 2018. He has three decades of experience developing and overseeing technology companies that support U.S. defense and national security agencies.
“The technologies developed and delivered by SEACORP have been a personal interest of mine for many years. I am truly excited to be working with the SEACORP team and look forward to helping them grow the company and its people into the future,” Kapani said.
Houlihan Lokey and Duffy and Sweeney respectively served as exclusive financial adviser and legal counsel to SEACORP in the transaction. Skadden, Arps, Slate, Meagher & Flom and Piliero Mazza acted as Kapani’s legal counsel.