DFW Capital Partners has acquired a controlling stake in Sev1Tech, a provider of enterprise IT and program management support services. No financial terms were disclosed.
Woodbridge, VA – Sev1Tech, LLC. (“Sev1Tech”), a leading provider of enterprise IT and program management support services, is pleased to announce a recently formed a private partnership with DFW Capital Partners (“DFW”), who has acquired a controlling equity stake in Sev1Tech to fuel their growth and support the transition to a large business. The current management team will stay in place and continue to run the company.
“The Sev1Tech management team sought out DFW as a partner to enable growth both organically and through acquisition. The DFW partnership provides us the ability to maintain our culture and mission delivery focus which we have built over the last 9 years,” says Bob Lohfeld, CEO of Sev1Tech. “DFW is our ideal investment partner, as they understand the sector and share our vision to create a platform for service delivery excellence as we transition to the mid-tier. This partnership strengthens Sev1Tech’s capacity to pursue strategic growth initiatives and invest in new capabilities required by our customers.”
Sev1Tech plans to leverage this investment to add new services, support new and existing customers and strengthen our mission capabilities. Moving forward, the partnership will enable Sev1Tech to continue delivering innovative next generation services to the Government and Commercial sectors and position the company more effectively for larger projects in the full and open market.
“We are excited to partner with Bob and the entire Sev1Tech team as the company moves forward in its next stage of growth,” says Doug Gilbert, Partner at DFW Capital Partners. “We are extremely impressed with their relentless commitment to serving customers and their strong competitive position in the government contracting market. We are investing in a team that has the ambition, drive, and a commitment to build an industry-leading business in a very large and competitive global market.”
About DFW Capital Partners
DFW Capital Partners is a private equity investment firm focused on lower middle-market companies. The firm concentrates on service companies, with an emphasis on healthcare and outsourced business and industrial support services. DFW has established a 20+ year track record of success in both building leading companies and recognizing attractive returns for its investors. DFW is headquartered in Teaneck, New Jersey and maintains an office in Chevy Chase, Maryland.
Sev1Tech provides information technology, cybersecurity, cloud, and program management services and solutions to U.S. government agencies and major commercial organizations. Founded in 2010 and headquartered in the Washington D.C. metro area, Sev1Tech is a preferred and trusted advisor supporting critical mission challenges across the defense, intelligence, homeland security, space, and health markets. Sev1Tech delivers excellence through highly qualified people, CMMI SVC 3, ISO 9001, ISO 27001 and ISO 20000 certified processes, and cutting-edge technology. To learn more, visit www.sev1tech.com.