Washington,
DC (May 5, 2008) – FOCUS LLC, a national
middle market investment banking firm providing merger,
acquisition, divestiture and corporate finance services,
announced today that Avialec International has been acquired
by KAPCO|VALTEC, an aerospace supply chain management company,
based in Brea, Calif. FOCUS represented Avialec International
in this international transaction.
Founded in 1982, Avialec, based in Petersfield, England,
has established itself as one of the leading U.K. specialist
distributors of electrical connectors, relays, wire and associated
devices to the aerospace industry. Avialec has maintained
steady growth over the last eight years.
“I had decided it was time to put Avialec under
the wing of a larger progressive organization with financial
firepower to realize the many opportunities before us,” said
Barrie Prescott, CEO of Avialec. “Given their cross
border transaction experience and their broad U.S. coverage,
FOCUS was the perfect firm to help us realize our goals.
The transaction was managed in a timely manner with little
disruption to our business. I could not have done it without
them.”
“From the beginning, Barrie made it clear that his
expectation was high and his timetable short. As a
principal, he wanted action and committed himself wholeheartedly
to the process. We were pleased to be able to complete the
transaction in just over four months,” said Manan Shah,
a FOCUS Partner.
For more than 35 years, KAPCO|VALTEC
has been a leader in aerospace supply chain management.
Similar to Avialec, KAPCO|VALTEC serves the industry’s marquee accounts in the U.S.
and the U.K. Gerald Turner, a FOCUS Managing Director, said
of Andrew Todhunter, KAPCO|VALTEC’s President and COO, “Andrew
was a pleasure to work with; he was a buyer who kept his
eyes firmly on the opportunity and never let the process
delay due to minor issues.”
As is the case with the growing number
of international M&A
transactions, this deal is a win-win for both companies. For
Avialec, it provides the financial support necessary for faster
growth, and for KAPCO|VALTEC, it provides access to major accounts
in the U.K. as well as enhancing the company’s existing
international profile, which includes presence in The Netherlands
and Singapore.
About FOCUS LLC
FOCUS LLC provides a range of middle market
investment banking services with an emphasis on mergers,
acquisitions, divestitures and corporate finance. FOCUS is
headquartered in Washington, D.C. with regional offices in
Atlanta, Chicago, Los Angeles and San Francisco. FOCUS
specializes in business units with transactions or revenues
in the $5-300 million range, serving entrepreneurs, corporate
owners and various types of investors across a broad range
of industries, throughout the U.S. and worldwide. FOCUS
bankers are seasoned operating and financial executives with
extensive transaction experience. Securities transactions
conducted by Wm. H. Murphy & Co., Inc. registered Broker
Dealer member FINRA/SIPC. For more information on FOCUS,
visit www.focusbankers.com. |