Seale Advises Standex on the Divestiture of Enginetics
Seale & Associates announced that it acted as exclusive financial advisor to Standex International Corporation ("Standex") (NYSE: SXI), on the divestiture of Enginetics Corporation, it's jet engine components business, to Enjet Aero, LLC, a privately-held aerospace engine component manufacturing company.
"We appreciate the opportunity to assist Standex in further shaping its vision and portfolio. We also offer congratulations to the combined Enjet and Enginetics teams and wish them the best in the future" stated Robert Whitney, Managing Director at Seale & Associates. "Going forward, we expect to see ongoing consolidation in the engines supply base as well as the broader aerospace supply chain."
About Standex International Corporation
Standex is a 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, South Africa, India, and China. For more information, visit www.standex.com.
About Enjet Aero
Enjet Aero, headquartered in Overland Park, KS, is an engine component manufacturer of complex machined and fabricated parts and assemblies for commercial and military aircraft engine OEM’s. Enjet Aero is comprised of Enjet Aero Erie, Enjet Aero Malden, Enjet Aero Terre Haute, Enjet Aero New Britain, Enjet Aero Advanced Manufacturing, and Enjet Aero Advanced Engineering. Enjet’s strategy is to be the supplier of choice for aircraft engine OEM’s during this period of recovery and beyond by offering a wide breadth of capabilities, capacity and resources to its customers who come to expect world-class performance in the form of quality and on time delivery. We stand ready, willing, and able. For more information, visit www.enjetaero.com.
About Seale & Associates
Seale & Associates Inc. is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise-level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. For more information, visit www.sealeassociates.com.
