Mesirow, a distinguished independent financial firm, has played a pivotal role in the sale of Applied Avionics, Inc. to Loar Holdings Inc. Announced on August 26, 2024, this significant transaction is another feather in the cap for Mesirow, particularly in the aerospace and defense sector. Applied Avionics, established in 1968, is a leading manufacturer of ruggedized, MIL-SPEC lighted pushbutton switches and avionics integration systems, primarily serving the aftermarket retrofit market. With a manufacturing base in Fort Worth, TX, the company boasts a workforce of over 80 employees. Key personnel from both companies, including Adam Oakley and Andrew Carolus from Mesirow, as well as Loren Jensen and Matt Hawkins from Applied Avionics, emphasized the harmonious and beneficial nature of the deal. This acquisition is set to augment Loar’s portfolio while allowing Applied Avionics to continue its growth trajectory. This transaction underscores Mesirow’s extensive experience and success in completing high-profile deals within its specialized sectors.
Aerospace & Defense, Financial Services,United States
https://www.mesirow.com/news/mesirow-advises-applied-avionics-inc-its-sale-loar-holdings-inc