M&A Deal Summary

Gryphon Technologies Acquires Schafer

On March 15, 2019, Gryphon Technologies acquired defense company Schafer from Belcan

Acquisition Highlights
  • This is Gryphon Technologies’ 1st transaction in the Defense sector.
  • This is Gryphon Technologies’ 1st transaction in the United States.
  • This is Gryphon Technologies’ 1st transaction in Virginia.

M&A Deal Summary
Date 2019-03-15
Target Schafer
Sector Defense
Buyer(s) Gryphon Technologies
Sellers(s) Belcan
Deal Type Divestiture

Target

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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Buyer(S) 1

Buyer

Gryphon Technologies

Washington, District of Columbia, United States
Category Company
Founded 1997
Sector Defense
DESCRIPTION

Gryphon Technologies is a provider specializing in defense systems and integration, naval architecture and marine engineering, program management, test and evaluation, cybersecurity and logistics. Gryphon Technologies was founded in 1997 and is based in Washington, District of Columbia.

DEAL STATS #
Overall 1 of 3
Sector (Defense) 1 of 1
Type (Divestiture) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 3
Year (2019) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-02 PGFM Solutions

Blackwood, New Jersey, United States

PGFM Solutions LLC focus on cybersecurity for U.S. Navy and Coast Guard shipbuilding and modernization programs. PGFM Solutions is based in Blackwood, New Jersey.

Buy -

Seller(S) 1

SELLER

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 1 of 1
Sector (Defense) 1 of 1
Type (Divestiture) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-04 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-23 Robot Morning

Cincinnati, Ohio, United States

Robot Morning is a provider in aerospace supply chain software and automation solutions. Robot Morning proprietary software automates and analyzes the data exchanged between customers and multi-tier suppliers across the aerospace supply chain. Robot Morning was founded in 2008 and is based in Cincinnati, Ohio.

Buy -
Mergr

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