Generational Equity Advises Analysis, Design & Diagnostics in its Sale to SEACORP

By Generational Equity


Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Analysis, Design & Diagnostics, Inc. to SEACORP LLC. The acquisition closed December 7, 2021.

Analysis, Design & Diagnostics, Inc. (AD&D), located in Jacksonville, Florida, was founded in 1992 by owner and president Gary Donoher, and specializes in Acoustic Analysis, Underwater Acoustic Sensors, Advanced Data Processing and Modeling technologies for both marine mammal research and tactical naval applications. The Company’s state-of-the-art technology has been selected as a key component in the Navy’s next-generation naval mining capabilities portfolio.

As a leader in low power sensors and automated detection and classification technology, the Company’s technology is being integrated into unmanned undersea vehicles (UUVs) for improved situational awareness and in support of the Navy’s Anti-Submarine Warfare programs. The same technology is also being integrated into manned undersea platforms for force protection. The Company’s automated technology has played a key role in support of the Navy’s compliance with the Marine Mammal Protection Act and the Endangered Species Act.

SEACORP, LLC (SEACORP), a leading provider of engineering services and technology to the United States Navy. SEACORP is owned by KAPCO Defense, LLC, who purchased the company in March of 2021. SEACORP was founded in 1981 and has operations in Rhode Island, Connecticut, and Virginia. SEACORP has enjoyed steady, planned growth for over three decades. During this time, SEACORP has become the second-largest contractor to the Naval Undersea Warfare Center in Newport. SEACORP has been fully certified by NQA to the ISO 9001:2015 Quality Management System standards and is also Capability Maturity Modeling Integration (CMMI) Level II certified.

“We are excited to have Gary and the AD&D team join SEACORP. Their technical expertise complements and enhances much of the work SEACORP performs for the Navy,” said SEACORP Vice President Jason Vetovis. “This acquisition will allow the expansion of SEACORP’s existing Electromagnetic Systems portfolio through the integration of AD&D’s enhanced acoustics collection and processing capabilities.”

Mr. Donoher will continue with the company with a new title of Director of Southeast Operations, and the entire AD&D team will integrate into SEACORP’s Electronic Warfare Hardware Business Area.

“We are excited about the potential to further grow our business with the additional capabilities within SEACORP,” shared Mr. Donoher.

Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team, led by Managing Director, M&A, Barry DeWitt, with the support of Vice President Mergers & Acquisitions, Alex Mironov, successfully closed the deal. Senior Managing Director Terry Stidham established the initial relationship with AD&D.

“Seacorp is a great acquiror for AD&D and its employees. The companies fit well together and with the acquisition complete, Seacorp can now leverage its ability to further develop and market AD&D’s cutting-edge acoustic sensor and data processing technology,” said DeWitt.

About Generational

Headquartered in Dallas, Generational is one of the leading M&A advisory firms in North America.

With more than 350 professionals located throughout 17 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.

The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. For more information, visit