Press Release

Mesirow Advises Safran S.A. on the Sale of its Subsidiary, Safran Ventilation Systems Oklahoma, to Arcline Investment Management

  • Safran Ventilation Systems Oklahoma is a leading developer, manufacturer, and supplier of integrated environmental control systems and related components for the aviation industry

  • The transaction serves as a continuation of Safran’s ongoing strategy and portfolio optimization efforts

  • Successful transaction highlights Mesirow’s expertise and relationships within the aerospace and defense sectors

CHICAGO, March 21, 2022 – Mesirow, an independent, employee-owned financial services firm, has announced it acted as the exclusive financial advisor to Safran S.A. (“Safran”), a global tier-one supplier of systems and equipment to the aviation, defense, and space markets, on the sale of its subsidiary, Safran Ventilation Systems Oklahoma, Inc. (“Safran Ventilation Systems” or the “Company”), to Arcline Investment Management (“Arcline”), a growth-oriented private equity firm.

Safran Ventilation Systems is a preeminent developer, manufacturer, and supplier of integrated ECS and related components for the aviation industry. Based in Seminole, OK, the Company boasts a state-of-the-art facility and a heritage of innovation, offering a robust portfolio of propriety products for some of the largest aircraft manufacturers in the world. Founded in 1979 as a supplier of vapor cycle air conditioning components for business aircraft, the Company was acquired by Zodiac Aerospace in 2014 in a sale advised by Mesirow. The sale of Safran Ventilation Systems to Arcline serves as a continuation of Safran’s ongoing portfolio optimization efforts, following the acquisition of Zodiac Aerospace in 2018 and sale of Base2 in 2019.

Andrew Carolus, Managing Director of Mesirow Investment Banking, said, “We were honored to work with the Safran team again and advise them on this exciting transaction as they continue to refine their strategic priorities across their businesses.”

“We believe the partnership between Safran Ventilation Systems and Arcline will benefit all stakeholders involved. Arcline is committed to maintaining the Company’s position as a leading ECS aerospace platform, facilitating Safran Ventilation Systems’ sustained growth while fostering continued innovation in the solutions offered by both companies,” added Adam Oakley, Managing Director of Mesirow Investment Banking.

The sale of Safran Ventilation Systems to Arcline represents another successful assignment completed by Mesirow Investment Banking and highlights the firm’s expertise within the aerospace and defense sectors. Committed to leveraging extensive sector-specific expertise across industry groups and nurturing deep long-standing relationships, Mesirow has a proven track record of completing highly tailored and successful transactions on behalf of clients.

About Mesirow

Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Global Investment Management, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities, and our culture. To learn more, visit mesirow.com and follow us on LinkedIn.

Mesirow was recently named one of the Best Places to Work in Chicago by Crain’s Chicago Business and one of the Top 100 RIA firms by Barron’s.

About Safran Ventilation Systems Oklahoma, Inc.

Safran Ventilation Systems Oklahoma designs and manufactures integrated environmental control systems and related components for the aviation industry. The Company targets OEM applications, as well as aftermarket support through spare parts and ongoing repair and support services. Learn more at enviro-ok.com.

About Safran S.A.

Safran, together with its subsidiaries, is a global tier-one supplier of systems and equipment to the aircraft propulsion and equipment, space and defense markets. Safran has a global presence, with more than 95,000 employees and sales of 21 billion euros in 2018. Safran is listed on the Euronext Paris stock exchange and is part of the CAC 40 and Euro Stoxx 50 indices. To learn more, visit safran-group.com.

Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow investment vehicle(s). Mesirow Financial, Inc. is not affiliated with Safran Ventilation Systems Oklahoma, Inc., Safran S.A., Arcline Investment Management,­­ or their affiliates. Past performance is not indicative of future results. Mesirow refers to Mesirow Financial Holdings, Inc., and its divisions, subsidiaries, and affiliates. The Mesirow name and logo are registered service marks of Mesirow Financial Holdings, Inc. © 2021. All rights reserved. Securities offered through Mesirow Financial, Inc. member FINRA, SIPC.

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