in Aerospace / Defence / Security

Belcan acquires Sitec

Posted 5 February 2019 · Add Comment

Supplier of engineering, supply chain, technical recruiting and information technology services to the aerospace, defence, automotive, industrial and government services markets, Belcan LLC, today announced the acquisition of Sitec Design Ltd. and Sitec Recruitment Ltd.



Above: Keith Matthews – Belcan President (left) and David Medlock – Sitec (right).

Terms of the transaction, which closed on 1 February 2019, were not disclosed. Belcan is a portfolio company of AE Industrial Partners, LP, 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, defence, 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 companies.

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 base.”

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.


 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Loganair awarded Derry to Stansted PSO route

Loganair has been selected as the new operator for the Public Service Obligation (PSO) contract to secure Derry’s sole air service to London, following the weekend’s news that previous operator flybmi has entered insolvency.

Teacher engineers herself a career change

One young woman from Ballyclare has engineered herself a new career.

NSC extends JSCSC service

Simulation, training and consultancy specialist NSC is to stretch its unbroken service to the UK Defence Academy’s Joint Services Command and Staff College (JSCSC) beyond the 21-year mark.

Cornwall Airport links to Channel Islands

Cornwall Airport Newquay (CAN) has announced that from 3rd June 2019, regional operator Blue Islands, a franchise partner of Flybe, will commence a new service to Jersey and Guernsey.

Inflite The Jet Centre acquires Excellence Aviation

Inflite The Jet Centre based at London Stansted Airport, has acquired Bombardier Challenger and Global Express specialist Excellence Aviation Services.

RAF Engineer becomes first UK female military three-star Commander

The RAF has today announced that it has appointed its first ever female three-star officer. Sue Gray, a Royal Air Force engineer, has been promoted to the rank of Air Marshal, making her the most senior female military officer in the

ODU 0201311219
See us at
SMIFAVWS BT1302060619Airborne ISR & C2 Battle ManagementAviation Africa 2019