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Commercial Aerospace
May 8, 2017
Belcan Completes Acquisition of Schafer Corporation

Cincinnati, Ohio – May 8, 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, announced that it has
completed its acquisition of Schafer Intermediate Holdings, LLC (“Schafer”). The
transaction was initially announced on April 6, 2017. Terms were not disclosed.

Belcan is a portfolio company of AE Industrial Partners, LLC (“AEI”), a private investor
in aerospace, power generation, and specialty industrial companies. Schafer represents
the fifth acquisition completed by Belcan in less than two years under AEI’s ownership.

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

About Schafer
Schafer is a leading provider of scientific, engineering, and technical services and
products applied to defeating national security threats. Schafer provides innovative
engineering and technology solutions to the military, intelligence community, DHS,
NASA, and others. Schafer has been widely recognized for its technical expertise and
ability to provide objective analysis that leads to the development of innovative, problemsolving solutions. For more information, please visit

About AE Industrial Partners
AE Industrial Partners, LLC is a leading private investment firm in the aerospace, power
generation and specialty industrial sectors, focusing on highly technical manufacturing,
distribution and supply chain management, MRO (maintenance, repair, and overhaul) and
industrial service-based businesses. AE Industrial’s team includes partners with C-suite
operating experience in organizations such as GE, Gulfstream Aerospace, Power Systems
Manufacturing, Hawker Beechcraft, Landmark Aviation, Bombardier, Aviall, B/E
Aerospace, NetJets, and Grand Prairie. For more information, please visit

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Carol Makovich
(203) 622-4781

Jennifer Hurson
(845) 507-0571