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Bluestone-backed Delphinus Engineering acquires Professional Analysis

Professional Analysis, a Virginia provider of Navy and Marine Corps logistics and program support with over 200 employees, joins Delphinus.

Bluestone-backed Delphinus Engineering has announced its combination with Professional Analysis, LLC (PAI), a logistics, materials management and program support provider based in Alexandria, Virginia. Delphinus is a maintenance, modernization and industrial services provider for the U.S. Navy and maritime defense community.

Founded in 2003, PAI has more than 200 employees. It manages military logistics and sustainment work, including spares planning and configuration management for new ship construction, and supports commands such as NAVSEA, NAVFAC, NAVSUP, MSC and MARCORLOGCOM. Bluestone partnered with Delphinus in July 2026.

PAI chief executive Stephen Mellis said the combination gives customers a single partner from the waterfront through the supply chain. Delphinus chief executive Roby Lentz said it expands the company's engineering, maintenance, modernization and logistics support for the Navy and Marine Corps. WISTLR served as exclusive financial adviser to PAI.

Deal facts

Target
Professional Analysis
Business
Alexandria, Virginia-based provider of logistics, materials management and program support services to the U.S. Navy, Marine Corps and other federal customers
Acquirer
Delphinus Engineering
Deal type
Add-on
Headquarters
Alexandria, Virginia
Advisers
  • WISTLR financial adviser to Professional Analysis
Status
Completed
Announced
Tuesday, November 3, 2026

Sources

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