Nolan Advises Volant in Cross Border Transaction

 “In addition to a successful outcome, it was fun to work with the Nolan team again on the sale of one of my companies. They found the perfect strategic fit and provided the inertia and guidance that successfully drove the transaction across the finish line. I credit their efforts in maximizing the value achieved on the sale of Volant.”                                        

Ian Rollo, former majority owner & CEO of Volant Aerospace, LLC

St. Louis, MO  – (Jan. 24, 2013) Nolan & Associates is pleased to announce that it recently advised Volant Aerospace, LLC (Volant) on its cash sale of 100% ownership in the Company to Singapore Technologies Engineering, Ltd. (ST Engineering).

Our Client: Volant

  • Volant, based in Burlington, WA, is a leader in the aircraft reconfiguration space and provides engineering, design and spare and overhauled parts for the commercial aircraft aftermarket.
  • The Company caters to all major airlines, leasing companies, MROs and integrators across the globe.
  • The majority owner of Volant is a former client of Nolan’s. The ST Engineering transaction represents the second successful sale completed by Nolan on his behalf.

Objectives of Volant

  • Volant reached an inflexion point having grown significantly over the past few years, establishing capabilities and core competencies unique in the aerospace industry.
  • Customers were regularly asking for a one-stop solution for interior reconfiguration needs.
  • Volant sought a strategic partner to strengthen its competitive position while rounding out its capabilities and expanding its global reach.

Solution: Sale to Singapore Technologies Engineering

  • Nolan marketed Volant’s unique capabilities, customer base, strong management team and history of profitable performance to a diverse mix of strategic acquirers and a select number of private equity groups.
  • More than 30 internationally-based companies were contacted as strategic buyer prospects.
  • Included in the list of potential strategic buyers was ST Engineering, a $6.2 billion dollar publicly-traded company based in Singapore (SGX: STENGG). ST Aerospace, a division of ST Engineering, is the largest commercial airframe MRO in the world with operations in the Americas, Europe and Asia Pacific.

Sell Side Process Results

  • ST Engineering presented both a financially attractive offer and perfect strategic fit that exceeded our client’s expectations.
  • The Nolan process created a sense of scarcity, competition and momentum which convinced buyers to put their best foot forward, delivering the Outlier Valuation.

About Nolan & Associates

Nolan & Associates is a boutique investment banking firm providing Mergers & Acquisitions and Capital Raise advisory services to middle market business owners and buyers.  Founded in 1976, Nolan is broadly recognized as a leading investment banking firm with Midwestern roots and global reach.  The Nolan team has completed hundreds of transactions in the middle market while working collaboratively from its offices in St. Louis, MO and Decatur, IL.

Securities offered through Middle Market Transactions, Inc.  Member: FINRA/SIPC.

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