Defense engineering services contractor GryphonÂ Technologies has purchased SchaferÂ from Belcan, a portfolio company of private investment firm AE Industrial Partners, for an undisclosed sum.
Schafer provides engineering, scientific and technical services to military and intelligence agency clients in support of their national security efforts, Gryphon said Monday.
“By combiningÂ Schafer withÂ Gryphon,Â weÂ areÂ strengtheningÂ our strategic capabilities and footprint, whileÂ expandingÂ the serviceÂ offeringsÂ of bothÂ companies,” saidÂ Gryphon CEO P.J. Braden.
Kirk Konert, a principal at AE Industrial Partners, said the acquisition aligns with Gryphonâs strategy to establish an engineering and technical services firm that supports the countryâs national security programs.
AE Industrial Partners, which invests in aerospace and defense, specialty industrial and power generation businesses, acquired Gryphon in September.
Belcan purchased Schafer from Metalmark Capital PartnersÂ in 2017 as part of its move to expand its technical and engineering service offerings.