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Commercial Aerospace
January 13, 2016
Belcan to Acquire Tandel Systems

Cincinnati, Ohio – January 13, 2016 – Belcan, LLC (“Belcan”), a global supplier of engineering
consultancy services and technical staffing solutions, announced today that it has acquired
Tandel Systems, Inc. (“Tandel”). Terms of the transaction – which closed today – were not

Tandel Systems, founded in 2001, is headquartered in Oldsmar, Florida, with more than 215
employees operating in offices in the United States. The company provides technical services
and support to customers in the aerospace and defense sectors. Belcan is owned by AE Industrial
Partners, LLC (“AE Industrial”), a private equity investor in aerospace, power generation and
specialty industrial companies.

“Tandel Systems brings class-leading products and services to Belcan, through its automated test
equipment design, development and support for Fortune ‘500’ clients,” said Lance Kwasniewski,
Chief Executive Officer of Belcan. “Tandel’s advanced avionics and software development
processes extends our end-to-end ability to support our clients from concept to aftermarket test
and support. In addition, the company has a demonstrated ability to deliver firm, fixed-price
contracts at high quality, integrating hardware and software.”

“Belcan has long been known to us as a leader in the aerospace and defense industries,” said
Mike Varga, Chief Executive Officer, Tandel Systems. “We are enthusiastic about the new
horizons open to us and our customers, now that we are part of Belcan’s extensive global

“The Tandel engineering solutions, technical services and test systems complement Belcan’s
array of consultancy and staffing solutions,” said David H. Rowe, Managing Partner of AE
Industrial. “Together, both companies have a number of new and exciting growth and expansion

Kirkland & Ellis LLP served as legal advisor and PricewaterhouseCoopers LLP served as
financial advisor to Belcan and AE Industrial Partners.

About Belcan
Belcan is a global supplier of engineering consultancy services and technical staffing solutions to
a diverse spectrum of industries. Belcan’s dedication to the success of its clients and employees,
along with a commitment to engineering better outcomes through adaptive and integrated
services, has led to nearly 60 years of growth and success. From jet engines to electronics, heavy
equipment to pharmaceuticals, Belcan takes a partnering approach to provide customer-driven
solutions that are flexible, scalable, and cost-effective. For more information, please visit

About Tandel Systems
Tandel Systems, Inc., based in Oldsmar, Florida, uses business and mission understanding and
technology to deliver innovative mission-critical solutions to government, defense, and
aerospace applications. Whether improving aerospace navigation, ground support equipment, or
flight control systems, Tandel Systems uses creative approaches and significant management
experience to deliver services in responsive engineering, embedded avionics and test solutions.
For more information, please visit

About AE Industrial Partners, LLC
AE Industrial Partners, LLC is a leading private equity 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, IDEX, Aviall, B/E Aerospace, NetJets, Grand
Prairie, and Sequa. For more information, please visit

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Owen Blicksilver Public Relations

Carol Makovich
(203) 622-4781

Jennifer Hurson
(845) 507-0571