Belcan, a portfolio company of AE Industrial Partners, has acquired The Kemtah Group, a provider of outsourced IT services. Belcan was acquired by AE Industrial Partners in July 2015.
Kemtah’s services range from initial assessment of IT maturity and processes to fully deployed, enterprise-wide, managed IT services, software/application development, cybersecurity, and mobility support. The company – led by CEO Steve Wade – was founded in 1987 and is based in Albuquerque (www.kemtah.com).
“Belcan brings exciting growth opportunities and a breadth of IT and engineering resources to complement and expand Kemtah’s capabilities,” said Mr. Wade. “Kemtah will be a great fit within Belcan’s Government IT Services segment, and should benefit from the added software engineering and cyber security we will be able to offer our customers.”
Belcan is a provider of engineering services and technical staffing to the aerospace, industrial and government services. The company has more than 6,000 employees in 49 locations, including 26 engineering design centers and 23 TechServices locations. Belcan is led by CEO Lance Kwasniewski and is headquartered in Cincinnati (www.belcancorporation.com).
“The acquisition of Kemtah greatly enhances our government IT services business, which has been rapidly growing since our purchase of Intercom Federal Systems five months ago,” said Mr. Kwasniewski. Intercom Federal provides enterprise-level IT services (cyber security, enterprise management, systems engineering and architecture, and network engineering) that support and protect assets and operations for the US federal government (www.intercomfed.com).
AE Industrial Partners (AEI) invests in the aerospace, power generation and specialty industrial sectors with a specific focus on technical manufacturing, distribution and supply chain management, MRO (maintenance, repair and overhaul) and industrial service-based businesses. Typical company targets will have from $50 million to $500 million of revenue. The firm is headquartered in Boca Raton (www.aeroequity.com).
“Kemtah is the fourth acquisition Belcan has completed since AEI acquired the company 18 months ago,” said David Rowe, Managing Partner of AEI and Chairman of Belcan. “Each addition has greatly enhanced Belcan’s product and service offerings, while also extending our reach and presence in the marketplace, allowing us to continue to deliver excellent outcomes to our clients.”
PricewaterhouseCoopers (www.pwc.com) served as financial advisor to both Belcan and AEI. Bluestone Capital Partners (www.bluestonecapitalpartners.com) served as financial advisor to Kemtah.
© 2017 Private Equity Professional | January 11, 2017
