Cole Engineering Services, Inc.
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Cole Engineering Services, Inc. - overview
Established
2004
Location
Orlando, FL, US
Primary Industry
Defence
About
Cole Engineering Services, Inc. (CESI) is a provider of advanced modeling and simulation training solutions, focusing on enhancing military readiness through innovative training programs for defense sectors and federal agencies. Founded in 2004, Cole Engineering Services, Inc. specializes in simulation and training solutions for military and defense entities.
The company is headquartered in Orlando, US, and was founded by Bryan Cole, who has a history in defense and technology sectors. In September 2019, Cole Engineering Services was acquired by By Light Professional IT Services LLC, with the transaction completed in October 2019. Cole Engineering Services, Inc. (CESI) specializes in providing advanced modeling and simulation (M&S) training solutions tailored to the needs of the Federal Government and various defense sectors.
Their core offerings focus on simulation-based training, serious gaming, and technical services within live, virtual, constructive, and gaming (LVCG) domains. CESI's products enhance battlefield readiness and warfighter effectiveness by allowing users to train in realistic environments that mirror operational conditions. The company's client base includes the U. S.
Air Force, Army, Marine Corps, Navy, Department of Homeland Security (DHS), and Defense Advanced Research Projects Agency (DARPA). CESI delivers solutions primarily across North America and select international markets, aiming to address the training and operational needs of military personnel and first responders through innovative technology and modular software systems. CESI generates revenue through contracts with government entities and defense organizations, providing services under various transaction structures such as fixed-price contracts and cost-reimbursable agreements. The company engages in business-to-business (B2B) transactions, delivering tailored solutions that include software development, integration, and training environments.
Revenue is primarily recognized upon the completion of key milestones or deliverables outlined in contracts, ensuring alignment with the specific needs of clients. While details on pricing structures for specific products and services are not disclosed, CESI's offerings are designed to support mission-critical objectives, reflecting the value of their advanced simulation capabilities and software solutions aimed at enhancing operational effectiveness. Following the acquisition by By Light Professional IT Services LLC in October 2019, Cole Engineering Services aims to leverage new resources for product expansion and market penetration. The company is strategizing the launch of additional simulation-based training products tailored to evolving defense requirements, with plans to introduce these by the end of 2021.
CESI is also targeting international markets in Europe and Asia for expansion, intending to establish a stronger foothold in these regions by 2023. The recent acquisition is expected to provide the necessary capital and support to realize these growth initiatives.
Current Investors
By Light Professional IT Services LLC
Primary Industry
Defence
Sub Industries
Engineering, Education & Training Services, Defence, Gaming, Education & Training Software
Website
www.coleengineering.com
Verticals
Virtual Reality (VR)
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Cole Engineering Services, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Cole Engineering Services, Inc. | - |
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