Engineering Solutions & Products LLC (ESP), an Eatontown, New Jersey-based government services provider, has received a private equity investment of undisclosed amunt from Berkshire Partners LLC,
Berkshire, which partnered with the company’s management, will support ESP in the next phase growth. Following the investment, Founder James E. Hoffman, Jr. will retain a significant ownership position in the company and will remain CEO.
Founded in 2000, ESP is a premier provider of acquisition, logistics and technology support services to the U.S. Department of Defense, particularly in the Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) area.
The company employs over 1,200 engineers, technicians and consultants with experience in IT services, military acquisition, logistics and program management.
The Chertoff Group and the Avascent Group served as strategic advisors to Berkshire in support of the transaction.
FinSMEs
22/04/2011