Belcan LLC, backed by private equity firm AEI Industrial Partners LLC (AEI), has bought information technology outsourcing company The Kemtah Group Inc. Terms of the transaction were undisclosed.
The Kemtah Group, headquartered in Albuquerque, New Mexico, provides IT infrastructure and support services such as: application development, security, project management, planning, and quality system development for the science, engineering and healthcare industries. The target uses its ITSM framework to deliver IT consulting, integration and sourcing services.
Belcan CEO Lance Kwasniewski says “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.”
This deal marks as the buyer’s fourth acquisition since AEI acquired Belcan in 2015. Belcan specializes in design and engineering, supply chain and manufacturing, software and analytics, and technical staffing for a variety of industries, including: aerospace, cybersecurity, industrial and government services.
AEI, based in Boca Raton, Florida, invests in aerospace and power generation companies with up to $500 million in revenue. The PE firm has been quite active in the space for some time. After buying Belcan, AEI raised its first fund with nearly $680 million in capital commitments to focus on the aerospace industry and related subsectors. In early 2016, AEI acquired metals producer AC&A and also bought airplane parts maker Moeller Mfg. Co. LLC.
Kirkland & Ellis LLP served as legal counsel to Belcan and AEI, while PricewaterhouseCoopers LLP served as financial adviser. Miles & Stockbridge P.C. served as legal counsel to Kemtah and Bluestone Capital Partners served as financial adviser.