Belcan completes acquisition of Schafer Corporation
Belcan, LLC, a Cincinnati, OH-based global supplier of engineering, technical recruiting, and information technology (IT) services to the aerospace, defense, industrial and government services markets, announced that it has completed its acquisition of Schafer Intermediate Holdings, LLC (“Schafer”). The transaction was initially announced on April 6, 2017. Terms were not disclosed.
Belcan is a portfolio company of AE Industrial Partners, LLC (“AEI”), a private investor in aerospace, power generation, and specialty industrial companies. Schafer represents the fifth acquisition completed by Belcan in less than two years under AEI’s ownership.