AE Industrial Partners acquires Belcan Corporation
Terms were not disclosed. The transaction is expected to close by the third quarter of 2015. BelFlex Staffing Network, Belcan’s light industrial staffing subsidiary, is not included in the transaction.
Belcan is headquartered in Cincinnati, Ohio and has been family-owned since its founding in 1958. Belcan has more than 6,000 employees in 49 locations, including 26 engineering design centers and 23 TechServices locations, serving more than 600 active clients globally.
“Belcan is a world-class operation and the preeminent engineering services business in the jet engine marketplace. AEI has first-hand experience with Belcan’s capabilities and reputation within the large original equipment manufacturers, so we have a special appreciation not only for the company’s unique niche in the propulsion industry but also for its highly attractive growth potential in related markets,” said David H. Rowe, managing partner of AEI. “Looking ahead, we are excited to work with Belcan’s strong senior management and exceptional global teams on a number of exciting growth opportunities.”