Belcan Acquires Omega Engineering Services Limited

Cincinnati, OH – August 1, 2018 – Belcan, LLC (“Belcan”), a global supplier of engineering, supply
chain, technical recruiting, and information technology (IT) services to the aerospace, defense,
automotive, industrial, and government services markets, today announced the acquisition of
Omega Engineering Services Limited (“OES”) from parent company Passionate About People Ltd.
(“PAP”). Terms of the transaction, which closed on July 31, were not disclosed. Belcan is a
portfolio company of AE Industrial Partners, LP (“AEI”), a private investor in aerospace, power
generation, and specialty industrial companies.

OES, headquartered in Cheltenham, England, is an established leader in the UK 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.
“The demand for OES’s capabilities in rigorous testing of control equipment in our chosen sectorsis growing tremendously,” said Lance Kwasniewski, Chief Executive Officer of Belcan. “This acquisition complements our international growth strategy and is a key step in strengthening Belcan’s ability to serve its global customer base.”
Keith Matthews, President of Belcan International, added, “OES has grown significantly under
PAP for many years, offering a complete design-to-manufacture capability. OES now has the
opportunity to expand its engineering services as part of Belcan, a dedicated and growing
engineering services group. I welcome the OES team to Belcan International and am excited to
work with them in building their expertise to establish a market-leading reputation across
international sectors.”
Alan Beresford, co-founder of Passionate About People, said,” We are delighted to have helped
OES grow and now is the right time for the business to be associated with Belcan, and the
tremendous opportunity that brings for all stakeholders. This transaction allows PAP to focus on
its path of market-leading growth and service innovation within the resource solutions and
recruitment process outsourcing sectors.”
Mishcon de Reya served as legal advisor and PricewaterhouseCoopers LLP served as financial
advisor to Belcan. BPE served as legal advisor and Shaw & Co LLP served as financial advisor to
Passionate About People.
 
About Belcan
Belcan is a global supplier of engineering, supply chain, technical recruiting, and IT services to
customers in the aerospace, defense, automotive, industrial, and government sectors. Belcan
engineers better outcomes for customers – from jet engines, airframe, and avionics to heavy
vehicles, automobiles, and cybersecurity, Belcan takes a partnering approach to provide
solutions that are adaptable, integrated, and value-added. Belcan has been earning the trust of
our customers for 60 years and counting. For more information, please visit www.belcan.com.
 
About Passionate About People
Passionate About People (PAP) is an independently owned resource solutions provider, serving a
multitude of clients throughout the UK (and Europe) via the provision of integrated resource
solutions and recruitment process outsourcing solutions. These services are delivered through
its key brands of Omega Resource Group and Datum RPO respectively, and via multiple locations.
The Group is celebrating its 20th anniversary in 2018; enjoying its fifth consecutive year of market
leading growth, and was, for the first time, recognised in the LSE Group’s 1000 Companies to
Inspire Britain report. Please visit www.passionateaboutpeople.co.uk.
 
About AE Industrial Partners
AE Industrial Partners is a leading private equity firm with more than $2.7 billion of assets under
management, including equity commitments from Fund II, specializing in control investments in
aerospace and defense, power generation, and specialty industrial businesses. AEI invests in
market-leading companies that can benefit from its deep operating experience, industry
knowledge, and relationships. Learn more at www.aeroequity.com.
 
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Jennifer Hurson
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