IRVINE, Calif.--(BUSINESS WIRE)--Janes Capital Partners announced today that it served as exclusive sell-side advisor to McStarlite Co. on its sale to Standex International Corporation (NYSE:SXI). McStarlite Co. will be reported as part of Standex’s Engineering Technologies Group business segment.
Basmat, Inc. d/b/a McStarlite Co. (“McStarlite Co.”), founded in 1955 and privately-held, operates four facilities in Harbor City, CA. McStarlite Co. is a premier sheet metal specialist forming some of the largest and most complex sheet metal aerospace components. It designs and manufactures cold deep draw and bulge-formed aviation components, including segmented and single-piece lipskins, nozzles, complex sheet metal assemblies, and tooling to support production hardware.
Standex International Corporation is a global multi-industry manufacturer in five broad business segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions with operations in the United States, Europe, Canada, Japan, Singapore, Mexico, Brazil, Turkey, India, and China. The Engineering Technologies Group, through its Spincraft brand name, provides innovative advanced metal forming technologies for applications within the space, aviation, defense, energy, medical, and general industrial markets.
“Janes Capital Partners was instrumental in finding the ideal acquirer to support our continued growth,” said John Basso, Chairman and CEO of McStarlite Co. “Their expertise, industry knowledge, and deep understanding of our Company’s unique capabilities and attributes were invaluable. Janes Capital Partners has secured an outstanding long-term partner with highly complementary product offerings, engineering expertise, and geographical presence.”
McStarlite Co. was advised by investment banking firm Janes Capital Partners and Procopio, Cory, Hargreaves & Savitch LLP as legal counsel.
About Janes Capital Partners
Based in Irvine, CA, Janes Capital Partners (www.janescapital.com) is a leading investment banking firm focused solely on the Aerospace and Defense industry. The firm provides mergers and acquisition advisory services and assists clients in executing growth strategies and liquidity events. The members of Janes Capital Partners have completed more than 80 successful A&D transactions and $6.0 billion in closed transaction value. Securities transactions are conducted through JCP Securities, Inc., Broker/Dealer, member FINRA/SIPC.
Janes Capital Partners is affiliated with Oaklins International Inc. (www.oaklins.com). Oaklins is the world’s most experienced mid-market M&A advisor, with 850 professionals in 45 countries and 15 dedicated industry teams—including an Aerospace & Defense group led by Janes Capital Partners.