The strategic fit provided by this transaction is exceptional; our acquirer counts nearly every airline in the world in its customer base, which provides an exciting growth path for AirVault. The FOCUS team has been a valuable partner to us over the years, and we would not be celebrating this transaction without their help and guidance.
“Selling a family owned business is complex and emotionally taxing. Our advisors, FOCUS Investment Banking, ran a very thorough process and identified a great deal of interest in Smiths among both strategic and private equity buyers. FOCUS quickly identified more than four hundred prospective buyers, of which sixty-five signed NDAs. They showed tremendous persistence and energy in driving the process relentlessly to a successful conclusion. I am excited that Smiths will be joining ARCH Global Precision and look forward to further enhancing the business that was started by my father in 1974.”