Nolan advised Integrated Technologies, Inc., a LMI Aerospace Subsidiary and Division of The Sonaca Group, on its Sale to Cornerstone Capital Holdings

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“We are extremely pleased with our Intec outcome.  Nolan’s experience in the testing segment was the differentiator that enabled us to find the ideal buyer for Intec and close this transaction. Nolan’s participation was integral to the transaction’s success and we look forward to engaging with them again in the future.”

Brian Salmo
Business Unit Leader, Niche Markets & General Counsel, LMI Aerospace

Who is Our Client?

  • Since 1989, Integrated Technologies, Inc. (Intec) has been providing mission critical testing and advanced material manufacturing services for the best-known aerospace, defense, environmental and space companies in the world.
  • Intec is an ISO 17025 and Nadcap AC7122 testing services provider to a wide range of customers, including product and raw material manufacturers, research organizations, and large OEMs.
  • Intec provides a full array of materials, environmental exposure, element/component, impacting and ultrasonic NDT testing services.
  • Intec also maintains significant composite and thermoplastic manufacturing & assembly capabilities for leading aerospace and defense manufacturers.
  • LMI Aerospace is a leading supplier of structural assemblies, kits and components and a provider of design engineering services to the commercial, business and regional and defense aerospace markets.
  • LMI is a member of the Sonaca Group, a global company based in Belgium that is active in the development, manufacturing, and assembly of advanced structures for civil, military and space markets.

 Why Did LMI Aerospace Hire Nolan?

  • LMI concluded that Intec’s testing and composite manufacturing capabilities were non-core to LMI’s broader business strategy.
  • LMI hired Nolan to run an efficient sale process to maximize alternatives for the business.
  • LMI hired Nolan because of its expertise in the testing services industry.

 What Value Did Nolan Deliver?

  • Nolan’s highly competitive process delivered Cornerstone Capital Holdings, a diversified holding company comprised of leading manufacturing and industrial service businesses.
  • Nolan ran an efficient process that lasted 5 months from engagement to closing.
  • Intec will complement Cornerstone’s other portfolio companies by adding composite testing and manufacturing solutions to its existing capabilities.
  • “We are extremely excited to add Intec to the Cornerstone group of companies,” said Cornerstone principal Jonathan Alt. “Composites and thermoplastics have become a large and growing segment in aerospace manufacturing, and this acquisition allows us to now participate in that critical area.”
  • With this purchase, Cornerstone now operates from eight locations in North America.

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