Belcan, LLC, on Thursday said it has agreed to acquire Schafer Corporation, part of a strategy to expand its engineering and information technology capabilities in its government business.
Terms of the deal, which is expected to close in the second quarter of 2017, were not disclosed. Belcan is a portfolio company of AE Industrial Partners and Schafer is owned by the private equity firm Metalmark Capital Partners.
Schafer, which is based in Northern Virginia, provides scientific, engineering and technical services to a number of government customers, including the Departments of Defense and Homeland Security, the intelligence community, NASA and others.
Schafer has more than 400 employees worldwide in areas such as chemical, biological, radiological and nuclear defense, space systems, air and missile defense, micro-materials, and cyber security.
“Belcan is building an unrivaled array of engineering and IT capabilities, and Schafer is the latest acquisition to support this global initiative,” Lance Kwasniewski, Belcan’s CEO, said in a statement. “Schafer represents a tremendous addition to our Government Services business, which helps governments and institutions worldwide support mission critical tasks.”
Belcan has done five acquisitions in the past 18 months. Last July it acquired the federal IT services firm Intercom Consulting & Federal Systems, whose 140 employees at the time were cleared Secret and above.
Schafer said that becoming part of Belcan will help it expand its services and reach to meet the growing demand of its customers globally.
Schafer and Metalmark’s financial advisor on the deal is Raymond James & Associates. PricewaterhouseCoopers LLP is Belcan’s financial advisor on the transaction.