Situation
Berkley Capital, Greenwich Aerogroup and API management retained BlackArch to manage the sale of the company, seeking to leverage BlackArch’s significant expertise and experience in the aerospace and specialty distribution sectors.
BlackArch’s Customized Solution
BlackArch marketed API to a targeted group of strategic and financial sponsors focused on the aerospace and defense and distribution sectors. Preliminary roadshow meetings provided investors with the opportunity to hear the company’s “story” directly from Frank Cowle, President of API. This deep level of access fueled a highly competitive dynamic that resulted in attractive initial bids.
Outcome
API was acquired by Odyssey Investment Partners, a leading middle market private equity firm with a 20+ year history of partnering with skilled managers and growing companies through strategic initiatives and add-on acquisitions. Management will continue to lead the company in partnership with Odyssey Investment Partners.
Industries:
Aerospace & Defense, Distribution, Industrial Products
Location:
Livermore, CA
Transaction type:
Sellside Advisory