Author: Jane Edwards|| Date Published: November 3, 2020
Belcan, a portfolio company of private equity firm AE Industrial Partners, has acquired federal information technology services provider Telesis for an undisclosed sum.
"The acquisition of Telesis is transformational for Belcan's Government IT Solutions business, immediately adding complementary capabilities and greater scale," Belcan CEO Lance Kwasniewski said in a statement published Monday.
Kwasniewski added that Telesis has long-term partnerships with federal clients and offers platforms and services that are well-aligned with the U.S. federal government's future spending priorities.
McLean, Va.-based Telesis has been delivering cybersecurity, cloud, managed technology platforms, C4ISR and mission systems and IT modernization support to federal agencies in defense, intelligence, civilian and health markets since 1998.
Kirkland & Ellis LLP and PwC respectively served as legal and financial advisers to Belcan in the deal. Morrison & Foerster LLP was Telesis’ legal adviser and G Squared Capital Partners LLC acted as its financial adviser.
The transaction marks Belcan’s 15th acquisition under AEI. Belcan is focused on providing engineering, technical recruiting, supply chain and IT support services for customers in the defense, aerospace, government, automotive and industrial sectors.
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