Strategic Sale: McStarlite Co. Partners with Standex International
Strategic Changes Ahead for McStarlite Co.
In a significant move, Janes Capital Partners has announced its role as the exclusive advisor for McStarlite Co. in its acquisition by Standex International Corporation (NYSE:SXI). This partnership highlights Janes Capital Partners’ capability to navigate complex transactions in the aerospace sector.
McStarlite Co.: A Leader in Aerospace Components
Established in 1955, McStarlite Co., operating from its facilities in California, specializes in crafting intricate sheet metal components for the aerospace industry. Renowned for its expertise in metal forming technologies, McStarlite Co. produces a variety of aviation components such as nozzles and complex assemblies. Their commitment to quality and innovation has positioned them as a premier player in the field.
Standex International Corporation's Diverse Portfolio
Standex International Corporation, a global manufacturing powerhouse, operates across multiple sectors. With its extensive reach encompassing the United States, Europe, and beyond, the corporation has established itself within five diverse business segments, including Engineering Technologies. This division, under the Spincraft brand, excels in advanced metal forming technologies suitable for a variety of industries, notably aerospace and defense.
Ensuring Growth and Synergy
John Basso, Chairman and CEO of McStarlite Co., expressed confidence in the acquisition, praising Janes Capital Partners for their invaluable support in identifying the perfect acquirer. He emphasized the strategic alignment and complementary offerings that Standex brings to McStarlite, suggesting a promising future for both entities.
Advisory Support and Legal Guidance
Throughout this transition, McStarlite Co. has benefited from the seasoned expertise of Janes Capital Partners, alongside legal counsel provided by Procopio, Cory, Hargreaves & Savitch LLP. Such comprehensive support has proven crucial in navigating the complexities of the acquisition process.
About Janes Capital Partners
Located in Irvine, CA, Janes Capital Partners is a leading investment firm specializing in the Aerospace and Defense sectors. With a remarkable portfolio, the firm aims to facilitate mergers, acquisitions, and other growth strategies, having accomplished over 80 successful transactions worth more than $6.0 billion. Their focus on this niche market enables them to provide tailored support to their clients.
Global Reach of Oaklins International
Affiliated with Oaklins International Inc., Janes Capital Partners taps into a vast network of professionals. With over 850 experts across 45 countries, Oaklins stands as a prominent advisor in the mid-market M&A landscape, boasting a dedicated Aerospace & Defense group led by the seasoned team at Janes.
Frequently Asked Questions
What was the role of Janes Capital Partners in the acquisition?
Janes Capital Partners served as the exclusive sell-side advisor to McStarlite Co. during its acquisition by Standex International Corporation.
When was McStarlite Co. established?
McStarlite Co. was founded in 1955 and has since become a leader in the aerospace components industry.
What are some products produced by McStarlite Co.?
They produce cold deep draw formed and bulge-formed aviation components, including nozzles and complex sheet metal assemblies.
What industries does Standex International operate in?
Standex operates in various sectors, including Electronics, Scientific, Engineering Technologies, and Specialty Solutions.
How has the acquisition affected McStarlite Co.?
The acquisition positions McStarlite Co. for continued growth and access to complementary resources and technologies through Standex International.
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