Cincinnati consulting firm buys McLean tech contractor
Belcan LLC acquires Telesis Corp.
Cincinnati-based engineering, consulting and technical services company Belcan LLC announced late last week it has acquired McLean-based tech contractor Telesis Corp.
Financial terms of the acquisition were not disclosed.
This marks Belcan’s 15th acquisition under its ownership by AE Industrial Partners LP, a private equity firm that specializes in aerospace, defense and government services, power generation and specialty industrial markets. Founded in 1998, Telesis provides information technology services including cybersecurity, cloud, managed technology and IT modernization to large government clients.
“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. “Telesis not only has close, long-term relationships with leading federal customers, but its solutions and services are well-aligned with future federal spending priorities in the U.S.”
Belcan LLC is a global supplier of engineering, supply chain, technical recruiting and IT services to the aerospace, defense, automotive, industrial and government services markets.
“Joining a large, multifaceted organization such as Belcan will provide additional integrated services for our customers, as well as greater opportunities for our employees,” Dave Jefferson, Telesis chief strategy officer, said in a statement. “Belcan shares our strong commitment to superior customer service and we are excited to work together to grow the business.”
Belcan used Kirkland & Ellis LLP as a legal adviser and PricewaterhouseCoopers LLP as a financial adviser. Morrison & Foerster LLP served as legal adviser to Telesis, while G Squared Capital Partners LLC served as financial adviser.