Boulder, CO (PRWEB) June 07, 2012
Adler & Company, Inc., a Boulder, CO based investment banking firm, announced today that it has matched a California based aerospace and defense contractor with a financial sponsor and a senior operating executive. A letter of intent was executed by the parties, and the deal is expected to close in approximately sixty days.
The recapitalization is being led by an Adler & Co. client, a private equity firm with multiple aerospace portfolio companies. The management team will be led by Bob Swelgin, a senior industry veteran. Mr. Swelgin and one of the selling shareholders will both own significant ownership stakes in the recapitalized company.
The transaction is being brokered by investment banking firm Adler & Company of Boulder, Colorado, which specializes in identifying sellers of “lower middle market” companies for its private equity clients.