D&S Completes Strategic Sale Transaction for Long-Term Client SEACORP


NEWPORT, R.I., March 23, 2021 /PRNewswire/ — Systems Engineering Associates Corporation (SEACORP), a leading provider of engineering services and technology to the United States Navy announced March 19th, 2021 that it is being acquired by Roy Kapani in a private transaction. Mr. Kapani has 30 years of experience building and running successful technology companies that support the National Defense and National Security agencies of the United States of America. Mr. Kapani is the Founder of ECS of Fairfax, VA, which he ran until its sale in 2018.

Dave Lussier, President of SEACORP and his executive team of Dave Cadorette, Craig McMillian and Tanya Zaleski will continue to lead SEACORP and will ensure that the company continues its employee centric culture and commitment to delivering outstanding products and services to its customers.

“The SEACORP team is thrilled to partner with Roy and his team given their respect for our culture, experience in our markets, and a shared vision on how we can continue to grow our company,” said Dave Lussier. “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.”

Roy Kapani stated that, “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. I have deep respect for SEACORP and I am equally committed to maintaining the outstanding culture that their founder Brian Gilligan established and Dave Lussier and his team have nurtured over these past 40 years.”

Houlihan Lokey served as the exclusive financial advisor to SEACORP. Duffy and Sweeney LLP served as legal counsel to SEACORP. Skadden, Arps, Slate, Meagher & Flom LLP and Piliero Mazza PLLC, served as legal counsel to Mr. Kapani.

See full press release from PR Newswire here. 

Contact Mike Sweeney here.

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