AEI-Backed Belcan Buys Intercom, Adds Cybersecurity Services
Belcan LLC has acquired cybersecurity company Intercom Consulting & Federal Systems. Belcan is backed by AE Industrial Partners.
Intercom provides cybersecurity, along with systems and network engineering services. The target was founded in 1992 and is based in Leesburg, Virginia. Financial terms on the deal were not disclosed.
AEI managing partner David Rowe says Intercom is “perfectly situated” to serve clients that are “seeking enhanced security that can meet constantly changing threats and IT solutions for today’s global business demands.”
Belcan, headquartered in Cincinnati, provides data analytics and software consulting services mostly to aerospace, power generation and industrial companies. AEI bought Belcan in 2015. The acquisition of Intercom will expand Belcan’s services in cybersecurity.
Bocan Raton, Floriday-based AEI has been busy with acquisitions, mostly in the aerospace sector, since the PE raised its debut fund earlier in 2016. AEI bought aerospace parts maker Moeller Mfg. Co. LLC and another metals parts producer in AC&A.
Hacking have threats increased, fueling demand for cybsercurity firms. Delta Risk acquired security consultant Allied InfoSecurity. The PE arm of ex-Homeland Security Secretary Michael Chertoff's Chertoff Group owns a majority stake in Delta Risk. Thoma Bravo has plans to add health care cybersecurity provider Imprivata and FireEye Inc. (Nasdaq: FEYE) bought competitor iSight Partners.
Kirkland & Ellis and PricewaterhouseCoopers advised the buyers. Greenberg Traurig and the McLean Group advised Intercom.