Mesirow Advises Star Aviation, Inc. On Its Sale To Carlisle Companies Incorporated
CHICAGO, October 6, 2016 – Mesirow Financial acted as the exclusive financial advisor to Star Aviation, Inc. (“Star Aviation” or the “Company”) on its sale to Carlisle Companies Incorporated (NYSE:CSL) (“Carlisle”). The Company will operate as part of Carlisle Interconnect Technologies, a global provider of specialty wire and cable, and interconnect components for commercial and military aircraft, avionics systems, in-flight entertainment, communications systems and medical devices.
Headquartered in Mobile, Alabama, Star Aviation is a leading provider of design and engineering services, testing and certification work and manufactured products for commercial, business and military aircraft. Star Aviation has manufacturing facilities in Mobile, Alabama and a technical services facility in Lynnwood, Washington. The Company is a supplier to the world’s leading providers of Wi-Fi and other in-flight connectivity systems used on a broad range of aircraft platforms.
John Wacker, president of Star Aviation, commented on the transaction, “Mesirow Financial was instrumental in conducting an effective and competitive transaction process that ultimately paired Star Aviation with an ideal strategic partner. With the backing and resources of Carlisle, and their deep expertise in the aviation sector, we look forward to continuing to support our customers’ growth and generating opportunities to leverage our combined strengths.”
Andrew Carolus, managing director of Mesirow Financial’s Investment Banking group, said, “We were honored to represent the owners of Star Aviation in this process. We believe that this strategic combination will enable Star Aviation to continue delivering exceptional service and quality products to its customers.”
The transaction represents another successful assignment completed by Mesirow Financial's Investment Banking group. With extensive sector-specific expertise and deep long-standing relationships, Mesirow Financial’s dedicated aerospace and defense team has a proven track record of completing highly complex and successful transactions.
About Carlisle Companies Incorporated
Carlisle Companies Incorporated is a diversified global company with a portfolio of businesses focused on the manufacture and distribution of highly engineered products for both original equipment and aftermarket channels. Carlisle’s markets include: commercial roofing, energy, agriculture, mining, construction, aerospace, defense, foodservice, healthcare, sanitary maintenance, transportation, industrial, protective coating and auto refinishing. Leveraging the Carlisle Operating System (COS) and an entrepreneurial spirit to drive continuous improvement, Carlisle’s worldwide team of employees generated $3.5 billion in net sales in 2015. Learn more about Carlisle at carlisle.com.
About Mesirow Financial
Mesirow Financial is an independent, employee-owned firm founded in 1937. As specialists in investment, risk management and advisory services, we are committed to helping our institutional, corporate and individual clients achieve their objectives. Our professionals are inspired by an entrepreneurial desire to develop tailored solutions that deliver measurable results. To learn more, please visit mesirowfinancial.com.