M&A Deal Summary

Belcan Acquires Sitec Group

On February 4, 2019, Belcan acquired diversified company Sitec Group

Acquisition Highlights
  • This is Belcan’s 1st transaction in the Diversified sector.
  • This is Belcan’s 3rd transaction in the United Kingdom.

M&A Deal Summary
Date 2019-02-04
Target Sitec Group
Sector Diversified
Buyer(s) Belcan
Deal Type Add-on Acquisition

Target

Sitec Group

Bristol, United Kingdom
Sitec Group own and operator of Sitec Design Ltd. and Sitec Recruitment Ltd a UK-based engineering services and technical recruitment supplier serving aerospace, defense, nuclear, and industrial customers in the UK and Europe.

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Buyer(S) 1

Buyer

Belcan

Cincinnati, Ohio, United States
Category Company
Founded 1958
Sector Staffing
DESCRIPTION

Belcan is a provider of engineering project management and technical staffing solutions to a diverse spectrum of industries. Belcan was founded in 1958 and is based in Cincinnati, Ohio.

DEAL STATS #
Overall 9 of 16
Sector (Diversified) 1 of 1
Type (Add-on Acquisition) 7 of 12
Country (United Kingdom) 3 of 4
Year (2019) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 Omega Engineering Services

Cheltenham, United Kingdom

Omega Engineering Services Ltd. engages in the testing and development of control equipment for use in the aerospace and industrial sectors. OES offers tailor-made flexible service contracts covering design, sourcing, purchasing, supply, calibration, and delivery of test and other equipment. The company also provides high-quality hardware and software engineering solutions to some of the biggest names in safety-critical industries.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-15 Schafer

Arlington, Virginia, United States

Schafer Corp. is a provider of scientific, advanced engineering, and technical services and products applied to defeating critical national security threats. Schafer design, integrate, maintain, and upgraded state-of-the-art systems and programs for the military, intelligence community, Department of Homeland Security, and others. Schafer was established in 1972 and is based in Arlington, Virginia.

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