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Commercial Aerospace
December 12, 2017
Belcan Acquires CDI’s Aerospace & Industrial Equipment Business Unit and Certain Related Aerospace Staffing Contracts

Cincinnati, Ohio – December 12, 2017 – Belcan, LLC (“Belcan”), a global supplier of
engineering, technical recruiting, and information technology (IT) services to the aerospace,
defense, industrial, and government services markets, today announced the acquisition of the
Aerospace & Industrial Equipment business unit of CDI Corporation (“CDI”), including certain
related aerospace staffing contracts (collectively the “CDI Aerospace Assets”). Terms of the
transaction, which closed on December 11, were not disclosed.

CDI’s Aerospace Assets deliver engineering and recruitment solutions for a broad range of
aerospace platforms, from large commercial aircraft to the military’s most advanced rotorcraft,
fighter jets, missiles, and unmanned systems. Services include mechanical and electrical systems
design, drafting, engineering analysis, software design and verification, validation and testing,
technical support, advanced engineering analysis, safety-critical embedded systems, test and
validation support, tooling design and development, and contract and full-time staffing services
for key OEMs across the United States and Canada.

“The acquisition of CDI’s Aerospace Assets is an excellent strategic fit and will add tremendous
value to our customers,” said Lance Kwasniewski, Chief Executive Officer of Belcan. “We look
forward to combining our collective rich histories and talented workforces to create a leading
engineering and technical services platform in the aerospace market.”

“We believe this is truly an excellent outcome for both companies,” said Michael Castleman,
President & CEO of CDI. “Belcan provides our aerospace-related employees and clients with
additional resources, scale and dedication to the aerospace and industrial markets. This
transaction also enables CDI to have greater focus on our remaining business, continuing our
relentless pursuit of delivering growth and value to our clients and stakeholders.”

Kirkland & Ellis LLP served as legal advisor and PricewaterhouseCoopers LLP served as
financial advisor to Belcan. Buckingham, Doolittle & Burroughs, LLC served as legal advisor
and Alvarez & Marsal served as financial advisor to CDI.

About Belcan
Belcan is a global supplier of engineering, technical recruiting, and IT services to customers in
the aerospace, defense, industrial, and government sectors. Belcan engineers better outcomes
through adaptive and integrated services—from jet engines, airframe, and avionics to heavy
vehicles, chemical processing, and cybersecurity, Belcan takes a partnering approach to provide
customer-driven solutions that are flexible, scalable, and cost-effective. Belcan’s unique
capabilities have led to continuous growth and success for nearly 60 years. For more
information, please visit www.belcan.com.

About CDI Corporation
CDI seeks to create extraordinary outcomes with its clients by delivering solutions based on
highly skilled and professional talent. Its business is comprised of four segments: Enterprise
Talent, Specialty Talent & Technology Solutions, Engineering Solutions, and MRI. It provides
engineering, information technology, and staffing solutions to clients in multiple industries,
including chemicals, energy, infrastructure, and technology, as well as municipal and state
governments and the U.S. Department of Defense. It has offices and delivery centers in the U.S.
and Canada. In addition, it also provides recruiting and staffing services through its global
MRINetwork® of franchisees. Learn more at www.cdicorp.com.

 

CONTACT:
Owen Blicksilver Public Relations
Jennifer Hurson
(845) 507-0571
jennifer@blicksilverpr.com


Carol Makovich
(203) 622-4781
carol@blicksilverpr.com