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Business/Financial

Gryphon Acquires Schafer From Belcan

By Cal Biesecker

Monday, March 18th, 2019

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Gryphon Acquires Schafer From Belcan

Schafer has provided technical and program support for DAPRA for the Vehicle and Dismount Exploitation Radar onboard the MQ-9 Reaper UAV. Photo: Schafer Corp.

Gryphon Technologies, Inc., on Monday said it has acquired Schafer Intermediate Holding, a provider of scientific, engineering and technical advisory services in the national security space, from Belcan, LLC. Terms of the deal were not disclosed. Gryphon and Belcan are both portfolio companies of the private equity firm AE Industrial Partners. Belcan acquired Schafer in 2017. Schafer’s customers include the military, intelligence community, Department of Homeland Security, and others. In January, the company announced it had been awarded a potential…

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