CSP is pleased to announce two recent transaction advisory engagements involving leading suppliers of aerospace and defense products and components in their respective markets.
CSP provided vendor diligence support to Reinhold Industries and The Jordan Company, L.P., in the announced sale of Reinhold to Heico Corporation. Reinhold Industries is a leading manufacturer of complex composite components and assemblies for commercial aviation, defense and space applications. A majority of Reinhold’s revenue is derived from the rapidly growing commercial aircraft interiors market, where Reinhold designs and manufactures unique composite seatbacks and related components used in a large number of airliner seats.
CSP provided acquisition diligence support to Vance Street Capital LLC in its purchase of Smart Electronics & Assembly, Inc. Smart Electronics is a provider of electronic solutions, including electronic circuit boards, sub-assemblies, cable/harnesses and modules/box builds to the defense, commercial aerospace, industrial and homeland security markets. Smart is the first add-on acquisition for Secure Communication Systems, an innovator in rugged handheld and deployable computer systems and data encryption equipment, which Vance Street acquired in October 2009. CSP previously advised Vance Street in its acquisition of Secure.