ESN in the Spotlight at MergerMarket Media in New York
ARLINGTON, VA – March 23, 2015 – The CEO of Engineering Services Network, Inc. (ESN), a leader in engineering and technology solutions, was recently interviewed for an article in New York-based Merger Market Media.
According to its website, “Mergermarket is a business development tool designed specifically for the M&A sector. It provides proprietary intelligence and analysis on corporate strategy across the world.”
The article on ESN was entitled, “Engineering Services Network seeks partners, M & A at bay for now, CEO says.”
ESN CEO Raymond F. Lopez, Jr., said “ESN is looking for joint venture partners that will better position it in the hunt for government contracts.”
“With a focus on joint ventures, the executive said ESN is holding off on acquisitions over the next 12 months.”
“The privately held Arlington, Virginia-based engineering services company has close to USD40m in revenue,” said Mr. Lopez.
ESN is known in the industry for providing military and civilian government customers with mission-critical services in engineering and technical support, strategic and program management, testing and evaluation, operations support and information technology. The company celebrated 20 years in business.
The article further states that “ESN is currently in talks with a niche medical IT company on a joint venture.” Mr. Lopez declined to identify the company but did note that ESN has a presence in information assurance, IT and cyber security.
According to the article, “Mr. Lopez said through a joint venture, ESN will have more flexibility to pursue contracts and gain a presence in the Defense Health Agency (DHA). The Department of Defense established the DHA in 2013 to manage the activities of the Military Health System.”
In July, ESN announced the appointment of Dan Shapiro as CFO. Shapiro, who joined the company in 1998, was previously ESN’s COO. The announcement also highlighted ESN’s interest in expanding through mergers and acquisitions.
Since then, Mr. Lopez said the company's growth strategy has shifted due to the defense budget climate.
ESN uses BB&T as its financial advisor, with Odin Feldman & Pittleman acting as legal counsel, Mr. Lopez said. The article was written by senior writer Richard Tekneci. More on MergerMarket can be found at: http://www.mergermarket.com/info/category/news/
About Engineering Services Network, Inc.
ESN is a trusted leader in engineering and technology solutions. For 20 years, ESN has been proudly standing “Shoulder to Shoulder®” with our military and government customers, delivering critical services for missions that matter. ESN provides our military and government customers with mission-critical services in the areas of: professional management & systems engineering services; cyber security & information / mission assurance services; network design, integration, & data center consolidation services; enterprise IT ITIL & ITSM services; systems development & life-cycle services; health IT services; and acquisition services.
Based in Arlington, VA, ESN has regional and field offices throughout the U.S. and worldwide. Founded in 1995, ESN is ISO 9001:2008 certified and has achieved Software Engineering Institute’s Capability Maturity Model Integration (CMMI) Maturity Level 2 for Services v 1.3, and CMMI Maturity Level 3 for Development v 1.3.
ESN customers include the VA, U.S. Navy, U.S. Army, U.S. Air Force, U.S. Marine Corps, Military Sealift Command, Department of Health and Human Services and other federal agencies. Visit ESN at esncc.com. ESN is a VA-Certified Service-Disabled Veteran-Owned Business.
In 2014, ESN ranked among HispanicBusiness.com’s 100 fastest-growing Hispanic-owned companies in the nation. In 2010, the Federal Times ranked ESN No. 53 among the contracting firms owned by service-disabled veterans that are contracting with the federal government.
ESN Company Contact:
Dennis Groh
Chief Marketing Officer at ESN
2450 Crystal Drive, Suite 1015
Arlington, VA 22202
Office: 703-412-3640, Mobile: 703-909-3914; DGroh@esncc.com
ESN Public Relations/Media Contact:
Carol Castaneda
Castaneda Global Communications for ESN
Office: 703-369-0414, Mobile: 703-863-9960; Castaneda@cgcprmedia.com
