CHICAGO, January 8, 2015 – Mesirow Financial acted as the exclusive financial advisor to Enviro Systems, Inc. (“Enviro” or the “Company”) on its sale to Zodiac Aerospace (“Zodiac”), a France-based global provider of aerospace equipment and systems for commercial, regional and business aircraft, helicopters and spacecraft.
Headquartered in Seminole, Oklahoma, Enviro is a leading provider of integrated environmental control systems (“ECS”) and related components for the aviation industry, serving as a complete systems integrator of air management, vapor cycle air conditioning and cabin pressure control systems for the light business jet, turbo prop and rotary wing markets. The Company also supplies a range of highly-engineered components, including controllers, fans, bleed air valves, brushless DC motors and sensors, among others, for similar applications in the transport, regional transport and military markets.
Craig Froelich, president and CEO of Enviro, commented, “We are excited to be partnering with Zodiac and are confident that this strategic combination will ensure a successful future for Enviro as it embarks on its next stage of growth. Mesirow Financial provided thoughtful guidance and dedicated service from start to finish, culminating in a successful outcome for our shareholders.”
Andrew Carolus, managing director of Mesirow Financial’s Investment Banking group said, “Mesirow Financial was honored to represent the owners and management of Enviro. We believe Enviro’s leading ECS market position coupled with Zodiac’s strong presence in aircraft interiors represents a compelling combination and will allow for continued growth well into the future.”
About Enviro Systems, Inc.
Founded in 1979, Enviro 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 repair & overhaul services and spare parts. Enviro has approximately 160 employees and is headquartered in Seminole, Oklahoma. For more information relating to Enviro, visit enviro-ok.com.
About Zodiac Aerospace
Zodiac Aerospace is a world leader in aerospace equipment and systems for commercial, regional and business aircraft and for helicopters and spacecraft. Zodiac Aerospace has approximately 30,000 employees worldwide and realized revenue of EUR 4.2 billion in 2013 / 2014 through its five business segments: Zodiac AeroSafety, Zodiac Aircraft Systems, and three segments related to cabin interiors: Zodiac Cabin & Structures, Zodiac Galleys & Equipment and Zodiac Seats. For further information about Zodiac Aerospace, please visit zodiacaerospace.com.
About Mesirow Financial
Mesirow Financial is a diversified financial services firm headquartered in Chicago. Founded in 1937, it is an independent, employee-owned firm with approximately 1,200 employees globally. With expertise in Investment Management, Global Markets, Insurance Services and Consulting, Mesirow Financial strives to meet the financial needs of institutions, public sector entities, corporations and individuals. For more information, visit mesirowfinancial.com