Multi-industrial and government service provider Belcan, LLC on Thursday said it has acquired VICTOR42, which provides analytical, operational and technical support to various government and private sector clients, including U.S. Special Operations Command (SOCOM), the Defense Threat Reduction Agency, and others.
Terms of the deal were not disclosed. VICTOR 42, has about 75 employees and is based in Washington, D.C. Belcan, which is based in Cincinnati and is a portfolio company of the private equity firm AE Industrial Partners, now has about 8,500 employees.
VICTOR42’s customers also include the Department of Veterans Affairs, IBM [IBM], Palantir Technologies [PLTR], CACI International [CACI] and Jacobs Engineering Group [J].
“We are excited to add a premier specialist company like VICTOR42 to our growing organization, and we look forward to working with their experienced team as we further expand our comprehensive offerings to government and defense clients,” Lance Kwasniewski, Belcan’s CEO, said in a statement.
Bobby Boucher, vice president of Operations and Business Development at VICTOR42, said in a statement that “Having the backing of Belcan will be transformative as VICTOR42 looks to expand its global footprint and develop new relationships.”
Belcan’s financial advisor on the deal was PricewaterhouseCoopers LLP.