Wait, don't miss out on the latest GovCon industry news!

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings

*By clicking "Join us now" you agree to receive email, promotions and general messages from GovCon Wire, In addition, you also agree to GovCon Wire Privacy Policy and Terms & Conditions.

X Remind me Later

Belcan Agrees to Buy Schafer, Taps Lee Shabe to Lead Newly Formed Govt Services Segment

Belcan, a portfolio company of private investment firm AE Industrial Partners, has agreed to buy Schafer Corp. from Metalmark Capital Partners for an undisclosed amount in a move to expand its technical and engineering service offerings.

Both companies expect to complete the transaction in the second quarter of 2017, Belcan said Thursday.

Belcan CEO Lance Kwasniewski said the deal is part of the company’s efforts to provide a range of information technology and engineering capabilities to clients as part of its global initiative and that Schaefer will be integrated with Belcan’s government services business that works to aid agencies in their “mission-critical tasks.”

Cincinnati, Ohio-based Belcan provides technical recruiting, IT and engineering support to clients across government, industrial and aerospace sectors.

Lee Shabe

Arlington, Virginia-based Schafer has at least 400 employees worldwide and provides engineering, scientific and technical support to civilian and military agencies.

PwC acted as a financial adviser to Belcan and AE Industrial Partners in the transaction, while Raymond James & Associates served as Schafer’s and Metalmark Capital’s financial adviser.

Belcan said Thursday it also named Lee Shabe, formerly executive vice president of NNData, as president of its newly created government services business segment that will provide managed IT, data management and cybersecurity support to U.S. government and other international agency clients.

Shabe will oversee the segment’s strategic initiatives, mergers and acquisitions and other customer accounts.

Prior to NNData, he held senior executive positions at ViON, Data Tactics Corp. and L3 Technologies’ (NYSE: LLL) national security business, which CACI International (NYSE: CACI) acquired last year.

The latest transaction and Shabe’s appointment came months after Belcan acquired The Kemtah Group and purchased Intercom Consulting & Federal Systems.

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about M&A Activity

Related Articles