M&A Deal Summary

Cognizant Acquires Belcan

On June 10, 2024, Cognizant acquired staffing company Belcan from AE Industrial Partners for 1.3B USD

Acquisition Highlights
  • This is Cognizant’s 3rd transaction in the Staffing sector.
  • This is Cognizant’s 2nd largest (disclosed) transaction.
  • This is Cognizant’s 27th transaction in the United States.
  • This is Cognizant’s 1st transaction in Ohio.

M&A Deal Summary
Date 2024-06-10
Target Belcan
Sector Staffing
Buyer(s) Cognizant
Sellers(s) AE Industrial Partners
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) Jefferies
Solomon Partners (Financial)
Kirkland & Ellis (Legal)

Target

Belcan

Cincinnati, Ohio, United States
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.

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Buyer(S) 1

Buyer

Cognizant

Teaneck, New Jersey, United States
Category Company
Founded 1994
Sector Information Technology
Employees344,400
Revenue 19.4B USD (2023)
DESCRIPTION
Cognizant's office in Hyderabad, India.
Cognizant's office in Hyderabad, India.

Cognizant is a provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses. Cognizant was incorporated in 1994 and is based in Teaneck, New Jersey.

DEAL STATS #
Overall 55 of 55
Sector (Staffing) 3 of 3
Type (Add-on Acquisition) 46 of 46
State (Ohio) 1 of 1
Country (United States) 27 of 27
Year (2024) 1 of 1
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-13 Thirdera

Leesburg, Virginia, United States

Thirdera is a global services provider that uses ServiceNow to help enterprises unlock their business and customer workflows in the cloud through digitization and automation. Thirdera brings together the power of the ServiceNow platform and its limitless potential across the world of work. Thirdera was founded in 2021 and is based in Leesburg, Virginia.

Buy -

Seller(S) 1

SELLER

AE Industrial Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 6.2B USD
Size Mega
Type Sector Focused
DESCRIPTION
AE Industrial Partners' headquarters in Boca Raton, Florida.
AE Industrial Partners' headquarters in Boca Raton, Florida.

AE Industrial Partners is a private equity firm focused on acquiring and investing in aerospace and industrial companies. The Firm specifically looks for established, profitable companies in the aircraft propulsion (turbojet, turbofan and turboprop aircraft engines) and power generation (industrial turbines) industries, as well as the manufacture of OEM and replacement parts, and aftermarket maintenance, repair and overhaul. AE Industrial Partners was formed in 1998 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 17 of 19
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 10 of 11
State (Ohio) 2 of 2
Country (United States) 17 of 19
Year (2024) 2 of 4
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-04 Calca

Westlake, Louisiana, United States

Calca is a manufacturer of hydrazine, which is used in diverse national security applications, including in-space propellant, military aircraft, pharmaceuticals, and water treatment. Calca was founded in 1953 and is based in Westlake, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-03 Altus

New York, New York, United States

Altus is a full-service fire and life safety services platform. Altus offers a complete suite of solutions, from the design, engineering, installation, and servicing of state-of-the-art fire and life safety systems, to training, consulting, crisis management, and business continuity services. Altus is headquartered in New York City.

Sell -
Mergr

Product

Company

Legal