CHICAGO, April 20, 2015 /PRNewswire/ -- Lincoln International LLC ("Lincoln International"), a leading global mid-market investment bank, is pleased to announce that Tailwind Technologies, Inc. ("Tailwind") has sold Hartzell Aerospace (the "Company") to ITT Corporation ("ITT"). Terms of the acquisition were not disclosed.
Based in California, Hartzell Aerospace is a leading manufacturer of highly-engineered components and solutions for aerospace environmental control systems on a wide range of high-growth, next-generation aircraft platforms. The Company provides a variety of environmental control system components including products that provide noise attenuation, freeze protection and de-ice protection as well as a wide variety of hoses, connectors and products made with composite material. Hartzell Aerospace has about 240 employees with production facilities in Valencia and Perris, California.
"The acquisition of Hartzell Aerospace will unlock powerful new opportunities for ITT to expand its presence on new and existing platforms in the global aerospace industry," said Denise Ramos, chief executive officer and president of ITT. "The addition of Hartzell Aerospace's high-quality portfolio and innovative technologies will broaden our capabilities, enhance our ability to serve customers and help further position ITT as a leader in the aerospace market."
Lincoln acted as the exclusive financial advisor to Tailwind and Hartzell Aerospace, working closely with the Company's owners and management team throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing and due diligence phases of the transaction. Jim Brown III, President and Co-Owner of Tailwind, noted, "Lincoln International brought together business model and end market expertise to create a dynamic process that emphasized Hartzell Aerospace's differentiating characteristics and strong value proposition. Lincoln's guidance and thoughtful advice were invaluable in securing a successful transaction for Tailwind and Hartzell Aerospace."
About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With sixteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.
Media Contact: Kelly Neroda
SOURCE Lincoln International