Belcan LLC, a portfolio company of AE Industrial Partners LLC announced that it has acquired Oldsmar, Florida-based Tandel Systems Inc., a provider of engineering solutions, test systems, and technical services to government, defense, aerospace, and commercial clients. Tandel has over 215 employees and is a SeaPort-e prime contract holder.
Lance Kwasniewski, CEO of Beltran states: "Tandel’s advanced avionics and software development processes extends our end-to-end ability to support our clients from concept to aftermarket test and support. In addition, the company has a demonstrated ability to deliver firm, fixed-price contracts at high quality, integrating hardware and software.”
Kirkland & Ellis LLP served as legal advisor and PricewaterhouseCoopers LLP served as financial advisor to Belcan and AE Industrial Partners. Deal terms were not disclosed.
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