CHICAGO, Nov. 12, 2015 /PRNewswire/ -- The Chicago office of Corporate Finance Associates, an international investment banking firm providing merger, acquisition and financial advisory services, is pleased to announce that it was the exclusive advisor to Solair Group, Inc. (Solair) on its Recapitalization led by Clavis Capital Partners and its President and Co-Founder, Wesley Yale.
Founded in 2001 and based in Miami, Florida, Solair Group, Inc. is a global supplier of tooling and Ground Support Equipment (GSE) for all types of aircraft. They offer full service technical support, maintenance tooling, ground support equipment, repairs, recertification, and calibration. Their customers include some of the world's largest airlines, OEMs, military and Maintenance, Repair and Overhaul (MRO) providers. In 2005, Solair partnered with Hycom Netherlands to support recertification and calibration for all their Ram Air Turbine (R.A.T.) Units and currently supports all sales, service, and parts for Hycom in South America, Central America, and the Caribbean.
The Chicago office of CFA acted as the sole advisor to Solair, which included M&A advisory services and financial expertise throughout the entire phase of the sale process. The transaction was led by Joe Contaldo, Managing Director and Global Head of the firm's Aerospace, Aviation and Defense Industry Practice Group.
"We selected Joe Contaldo and his aerospace team for his knowledge, connections, experience and excitement for our industry," stated Wesley Yale, President. "They guided us in every aspect of the transaction and exceeded our expectations. They were the perfect fit for Solair."
Financing for the transaction was provided by Greyrock Capital Partners.
About Corporate Finance Associates
Founded in 1956, Corporate Finance Associates is one of the largest and most experienced middle-market M&A advisory and investment banking firms in the nation. CFA has offices across the United States, Canada, and India, with partner offices in Brazil, China, and throughout Europe. More information is available at www.cfachicago.com. Securities offered through Corporate Finance Securities, Inc., member FINRA and SIPC.
SOURCE Corporate Finance Associates Chicago