Chicago Area Investment Bank Completes Recapitalization in Aerospace, Aviation and Defense Industry

Top Quote Corporate Finance Associates Chicago Advises Solair Group in Recapitalization with Clavis Capital Partners. End Quote
  • Chicago, IL (1888PressRelease) November 13, 2015 - 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. Financing for the transaction was provided by Greyrock Capital Partners.

    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 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 CFA Chicago, 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 Chicago 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."

    CFA Chicago's Aerospace, Aviation and Defense Industry Practice Group will also be participating this month as an exhibitor at the National Business Aviation Association (NBAA) Meeting & Convention, which takes place in Las Vegas November 17-19, 2015 (Booth #C6830).

    CFA's Aerospace, Aviation and Defense (AA&D) Practice Group is made up of professionals that focus on providing business owners advice on selling a business, growing through acquisitions, partnering with a private equity firm and raising capital. Recent transactions in include avionics and component repair, aircraft parts sales and distribution, maintenance, repair and Overhaul (MRO) operations, Fixed Base Operations (FBO) and airport services, Ground Support Tooling (GSE), repair management, OEM part fabrication and charter services.

    "We continue to see robust demand and high valuations for aerospace and aviation companies," stated Mr. Contaldo. "The interest in the industry is on a global level and is equally split between Private Equity Funds and larger strategic corporations. This demand is creating a highly competitive M&A market leading to fantastic outcomes for sellers."

    Attendees can visit booth #C6830 throughout the show to meet the firm, discuss market trends and receive information on how to value their company in today's market. Those not attending NBAA are encouraged to reach out to Mr. Contaldo at any time via the company's website ( to schedule a private conversation or meeting.

    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 Securities offered through Corporate Finance Securities, Inc., member FINRA and SIPC.

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