Gryphon Technologies, Inc., on Monday said it has acquired Schafer Intermediate Holding, a provider of scientific, engineering and technical advisory services in the national security space, from Belcan, LLC
.
Terms of the deal were not disclosed. Gryphon and Belcan are both portfolio companies of the private equity firm AE Industrial Partners. Belcan acquired Schafer in 2017.
Schafer’s customers include the military, intelligence community, Department of Homeland Security, and others.
In January, the company announced it had been awarded a potential $38 million contract with the Joint Directed Energy Transition Office for professional technical support in the areas of laser sources, beam control, atmospheric propagation, lethality, and advanced high-energy laser concepts. Schafer has been supporting the office since 2002.
“By combining Schafer with Gryphon, we are strengthening our strategic capabilities and footprint, while expanding the service offerings of both companies,” P. J. Braden, Gryphon’s CEO, said in a statement.
Gryphon also provides engineering and technical services for national security.
Gryphon’s financial adviser on the deal was PricewaterhouseCoopers.