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Gryphon Technologies purchases national security services provider Schafer

Gryphon Technologies LC bought fellow engineering and technical services national security provider Schafer Intermediate Holdings LLC from Belcan LLC.

The combination is expected to allow Gryphon and Schafer to expand their footprint and service offerings.

Belcan, which acquired Schafer in April 2017, provides engineering, supply chain, technical recruiting and information technology services to the aerospace, defense, automotive, industrial and government sectors.

Gryphon and Belcan are both portfolio companies of AE Industrial Partners LP, a private equity firm investing in aerospace and defense, power generation and specialty industrial companies.

Kirkland & Ellis LLP served as legal adviser and PricewaterhouseCoopers LLP was financial adviser to Gryphon.