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Commercial Aerospace
February 4, 2019
Belcan Acquires Sitec Design Ltd. and Sitec Recruitment Ltd.

Cincinnati, Ohio – February 4, 2019 – Belcan, LLC (“Belcan”), a global supplier of engineering, supply
chain, technical recruiting, and information technology (IT) services to the aerospace, defense,
automotive, industrial, and government services markets, today announced the acquisition of Sitec
Design Ltd. and Sitec Recruitment Ltd. (“Sitec”). Terms of the transaction, which closed on February
1, were not disclosed. Belcan is a portfolio company of AE Industrial Partners, LP (“AEI”), a private
investor in aerospace, power generation and specialty industrial companies.

Sitec is an award-winning UK-based engineering services and technical recruitment supplier serving
aerospace, defense, nuclear, and industrial customers in the UK and Europe. Established in 1951,
Sitec has built relationships with many leading aerospace manufacturers, and boasts internal
capabilities in engineering design & development and maintenance & support, holding both
industrial and company-specific accreditations. Sitec’s technical recruitment business provides
services to a wide range of sectors, with longstanding relationships spanning industry-leading

Lance Kwasniewski, CEO of Belcan, said, “The acquisition of Sitec represents significant progress for
Belcan’s global strategy, strengthening our international reach and bringing additional engineering
capability and experience. Sitec, in combination with our existing UK and European business,
provides extended breadth and technical depth of resources to serve our growing global customer

David Medlock, Chairman of Sitec, said, “Sitec has been a family-owned business since its founding
in 1951 by Len Medlock, and we have spent many months looking for the right team to take over the
reins and lead the company in its next stage of growth. The directors of Sitec believe we have found
the perfect partner in Belcan, and we look forward to enhanced opportunities as we remain
dedicated to providing our customers with first-class services.”

Kirkland & Ellis LLP served as legal advisor and PricewaterhouseCoopers LLP served as financial
advisor to AEI. Lincoln International served as exclusive financial advisor to the Sitec Board.

About Belcan

Belcan, LLC is a global supplier of engineering, supply chain, technical recruiting, and IT services to
customers in the aerospace, defense, automotive, industrial, and government sectors. Belcan
engineers better outcomes for customers – from jet engines, airframe, and avionics to heavy
vehicles, automobiles, and cybersecurity, Belcan takes a partnering approach to provide solutions
that are adaptable, integrated, and value added. Belcan has been earning the trust of our customers
for 60 years and counting. For more information, please visit

About Sitec

With a proven track record spanning over 60 years, Sitec provides engineering offload and recruitment
services across a wide range of industries, in particular Aerospace, Defense, Nuclear and Petro
Chemical. The Engineering offload division provides comprehensive engineering solutions throughout
the research, design, development, and manufacturing phases supporting blue-chip companies such
as Airbus, BAE, Leonardo and Rolls-Royce.

Offering temporary, permanent and managed services, Sitec’s recruitment division has a proven
record of providing tailored staffing solutions to meet its clients’ needs by utilising its core industry
knowledge and experience. Learn more at

About AE Industrial Partners

AE Industrial Partners is a private equity firm specializing in control investments in aerospace and
defense, power generation, and specialty industrial businesses. AEI invests in market-leading
companies that can benefit from its deep operating experience, industry knowledge, and
relationships. Learn more at

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Blicksilver Public Relations
Jennifer Hurson
(845) 507-0571


Kristin Celauro
(732) 433-5200