Mesirow Successfully Facilitates Sale of Precise Flight to Signia Aerospace for Growth Opportunities

Mesirow Facilitates Sale of Precise Flight to Signia Aerospace

In a significant move for the aviation industry, Mesirow has successfully acted as the exclusive financial advisor for Precise Flight, Inc. in its recent acquisition by Signia Aerospace, a notable player under Arcline Investment Management. This strategic partnership is expected to accelerate growth and maintain innovative strides within the aerospace sector.

Overview of Precise Flight's Innovations

Precise Flight, headquartered in Bend, Oregon, specializes in designing and manufacturing advanced performance and safety systems tailored for various aviation needs. They cater to a wide spectrum of clientele including commercial airlines, fleet operators, general aviation, rotorcraft, and business jets. The brand is recognized for its commitment to quality and regulatory compliance, embodying values that enhance flight safety.

Their flagship products include aviation oxygen systems, precision lighting solutions such as the Pulselite System®, speed brakes, and custom tube fabrication services. These products not only cater to established aviation standards but also aim to surpass them, showcasing Precise Flight's dedication to improving both operational performance and safety standards across the industry.

Mesirow’s Impact

Mesirow's role in this transaction illustrates their sustained success within the aerospace and defense environment. Adam Oakley, Senior Managing Director and Co-Head of Investment Banking at Mesirow, expressed satisfaction regarding their involvement, stating that Signia Aerospace is perfectly positioned to further cultivate Precise Flight’s unique advantages and enrich its partnerships within the industry.

Doug La Placa, Chief Executive Officer at Precise Flight, remarked on the invaluable insights provided by Mesirow throughout this complex process. Their industry-specific expertise played a critical role in showcasing Precise Flight’s strengths and customer relationships, thus identifying Signia as the ideal collaborator for the company’s next growth chapter.

Scott Greenstone, CFO of Precise Flight, echoed La Placa's sentiments, crediting Mesirow’s guidance and industry knowledge for ensuring the transaction’s success. Such affirmations emphasize Mesirow's commitment to delivering tailored solutions and maintaining a strong partnership focus.

A Promising Future Ahead

With the initiation of this new partnership, Precise Flight is poised for an exciting future as part of the Signia Aerospace family. This acquisition reflects a larger trend within the aerospace sector, emphasizing the necessity for innovation and strategic growth in a rapidly evolving market environment. Together with Signia, Precise Flight aims to enhance its technological offerings, ensuring alignment with future industry demands.

Mesirow’s successful navigation of this transaction aligns with their impressive record—over 350 transactions across various sectors in recent years, demonstrating their expertise and commitment in facilitating meaningful opportunities in investment banking.

Mesirow, established in 1937, continues to operate as an independent, employee-owned firm with a robust reputation across its diverse service offerings, including Private Capital, Currency, and Advisory Services. Recognized as one of Chicago's Best Places to Work and among Barron's Top 100 RIA firms, Mesirow remains committed to driving value for its clients and reinforcing its reputation as an industry leader.

As this new chapter unfolds, all eyes will be on Precise Flight and Signia Aerospace, watching as they leverage their complementary strengths to deliver cutting-edge solutions to the aviation sector, ultimately enhancing flight safety and operational efficiency for their global clientele.

In conclusion, Mesirow’s advisory role in the acquisition of Precise Flight emphasizes a pivotal moment not just for the companies involved, but for the aviation industry as a whole, paving the way for innovation and excellence in upcoming years.