Schafer provides engineering, scientific and technical services to military and intelligence agency clients in support of their national security efforts, Gryphon said Monday.
“By combining Schafer with Gryphon, we are strengthening our strategic capabilities and footprint, while expanding the service offerings of both companies,” said Gryphon CEO P.J. Braden.
Kirk Konert, a principal at AE Industrial Partners, said the acquisition aligns with Gryphon™s strategy to establish an engineering and technical services firm that supports the country™s national security programs.
Kirkland & Ellis and PwC respectively served as legal and financial advisers to Gryphon.
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 Partners in 2017 as part of its move to expand its technical and engineering service offerings.
Intel has appointed semiconductor industry veteran Shawn Han as senior vice president and general manager of foundry services. Han will officially assume…
Naval Information Warfare Center Atlantic has issued a solicitation seeking contractor support for shipboard command, control, communications, computers, cyber and intelligence,…
Radiance Technologies has elevated Darien Hammett to chief operating officer, placing him in charge of daily operations and execution across the company.…
Defense engineering services contractor Gryphon Technologies has purchased Schafer from Belcan, a portfolio company of private investment firm AE Industrial Partners, for an undisclosed sum.
