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.
We used FOCUS Investment Banking, specifically Fred Rock, as our Investment Banker in the sale of our family business, Titusville Fabricators, Inc., to Re-Steel Supply Co. Having been with the company for 48 years, I had strong personal attachments to the employees, and concerns regarding the future operation of the company. Fred was very responsive to my issues when dealing with prospective buyers. His group was very good to work with as well. They were excellent negotiators with the finalists we selected. They prepared the necessary sale documents efficiently and were very helpful working with our attorneys to complete the deal. Selling a business is a difficult personal undertaking. I heartily recommend FOCUS to help others successfully complete the process.
“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.”