By Light Professional IT Services LLC has announced that it has entered into a definitive agreement to acquire Cole Engineering Services, Inc. (CESI), an industry-leading, full spectrum (live, virtual, constructive and gaming) training and analysis developer, integrator and services provider, the company said.
The transaction is subject to the approval of CESI shareholders and normal regulatory approvals, with closing expected early in the fourth quarter of 2019.
CESI develops unique simulation-based systems for simple and complex military missions, and has extensive experience developing interoperable distributed simulation architectures for engineering and training environments. Led by a highly talented and experienced team, with deep institutional knowledge and an extensive infrastructure in the form of laboratories and tools/methodologies, CESI tackles some of the military´s most complex modeling and simulation projects.
By Light Professional IT Services LLC, headquartered in McLean, VA is an ISO 9001, 20000-1, and 27001 registered and CMMI Level 3 certified systems integrator that provides secure, turn-key systems by incorporating exceptional engineering, project management, telecommunications, and cyber capabilities to safeguard mission success. Founded by industry professionals with extensive knowledge in Defense and government agencies. By Light successfully implements technical solutions that integrate best commercial practices for government, commercial, and international customers. For more information, visit www.bylight.com.
Formed in 2004, CESI is an award-winning company that maintains a distinct record of strong performance in developing dynamic engineering programs. CESI implements operational, modeling, simulation and gaming-based technologies that enable Warfighters and First Responders in their services to the nation. Learn more at www.coleengineering.com.
Sagewind Capital LLC (www.sagewindcapital.com) is a New York-based middle-market private equity firm. The principals of Sagewind have a proven track record of providing capital and financial resources to help promising small and middle market companies achieve success faster while generating long-term equity value. Through its investments, Sagewind Capital is building a portfolio of companies in key sectors that have the potential for organic growth and can serve as platforms for substantial value creation through a buy-and-build strategy of strategic acquisitions.
