CHICAGO, June 9, 2014 – Mesirow Financial, an independent diversified financial services firm, acted as the exclusive financial advisor to EMTEQ, Inc. ("EMTEQ" or the "Company") in its sale to B/E Aerospace, Inc. ("B/E Aerospace"), a Wellington, Florida-based manufacturer of aircraft passenger cabin interior products for the commercial and business jet aircraft markets.
Headquartered in New Berlin, Wisconsin, EMTEQ is a global, award-winning provider of engineering, design, certification and product solutions for electrical and mechanical systems in OEM and aftermarket applications for the commercial, business and military aviation markets. The Company's key product solutions include interior and exterior LED lighting, cabin management and power systems, and avionics provisions and systems packaging. EMTEQ has developed an excellent reputation within the industry; it differentiates itself through proprietary solutions-based products, customer driven market strategies, commitment to product development and global infrastructure.
"Mesirow Financial was instrumental in conducting an effective and competitive transaction process that ultimately maximized value for EMTEQ's shareholders. Our customers and employees will both benefit as B/E Aerospace and EMTEQ combine to create new and innovative solutions for the global aerospace industry," said Jerry Jendusa, chairman, CEO and co-founder of EMTEQ. "Mesirow Financial's advice throughout the process resulted in a successful outcome for all parties involved."
Andrew Carolus, managing director of Mesirow Financial, said, "We were honored to represent the owners of EMTEQ in this process. Mesirow Financial's experience and relationships within the aerospace industry allowed us to pair EMTEQ with a strong strategic partner that is committed to growing and investing in the Company's future."
About EMTEQ, Inc.
Incorporated in 1996, EMTEQ has become a worldwide leader in the production and supply of innovative products for the aviation industry. EMTEQ specializes in engineering, design, certification and product solutions for electrical and mechanical systems. EMTEQ serves a wide range of customers across the commercial, business and military aviation markets, targeting both OEM and aftermarket applications. EMTEQ employs more than 600 people and operates seven state-of-the-art facilities worldwide. For more information relating to EMTEQ, visit emteq.com.
About B/E Aerospace, Inc.
B/E Aerospace is the world's leading manufacturer of aircraft cabin interior products and the world's leading provider of aerospace fasteners, consumables and logistics services. B/E Aerospace designs, develops and manufactures a broad range of products for both commercial aircraft and business jets, including aircraft cabin seating, lighting systems, oxygen systems, food & beverage preparation and storage equipment, among others. B/E Aerospace also provides cabin interior reconfiguration, program management and certification services. For more information, visit the B/E Aerospace website at beaerospace.com.