Travel & Tourism Industry release:
CHICAGO, March 13, 2018 /PRNewswire/ — Mesirow Financial acted as lead financial advisor to Aviation Mobility, LLC (“Aviation Mobility” or the “Company”), a wholly owned subsidiary of Meggitt PLC, on its sale to Smarte Carte, Inc. (“Smarte Carte”), a portfolio company of 3i Group PLC.
Headquartered in Charlotte, NC, Aviation Mobility is the leading domestic provider of legally mandated mobility equipment for special assistance passengers in the commercial air transport sector. The Company has established brand recognition in the industry for its comprehensive product and service portfolio, and commitment to exceptional customer service. With a fleet of wheelchairs deployed at more than 300 airports, the Company serves a long-standing blue-chip customer base consisting largely of commercial airlines and airport service providers. In addition, the Company offers robust customer service, providing expert technicians on-site to inspect and service the deployed wheelchair fleet.
Fergus Munro, head of M&A for Meggitt PLC, commented on the transaction, “Mesirow Financial’s expert guidance and transaction support were instrumental in securing a successful outcome.”
Adam Oakley, managing director of Mesirow Financial’s Investment Banking group, said, “We were honored to represent the owners of Aviation Mobility. We believe the Company’s unique mobility expertise is an ideal vehicle for Smarte Carte’s next phase of growth.”
The transaction represents another successful assignment completed by Mesirow Financial’s Investment Banking group. With extensive sector-specific expertise and deep long-standing relationships, Mesirow Financial’s dedicated aerospace and defense team has a proven record of completing highly complex and successful transactions.
About Meggitt PLC
Headquartered in the United Kingdom, Meggitt PLC is an international group operating in North America, Europe and Asia. Known for its specialized extreme environment engineering, Meggitt is a world leader in aerospace, defense and energy. Meggitt employs nearly 11,000 people at 40 manufacturing facilities and regional offices worldwide. To learn more, visit meggitt.com.
About Smarte Carte, Inc.
For over 40 years, Smarte Carte has built on its reputation as an innovator and self-service leader. The company has developed a leading line of self-service lockers which are used in more than 1,000 locations, primarily for daily storage of personal items. It has expanded the functionality of lockers to incorporate parcel locker, grocery and pharmaceutical deliveries. To learn more, visit smartecarte.com.
About 3i Group PLC
3i is an investment company with two complementary businesses, Private Equity and Infrastructure, specializing in core investment markets in Northern Europe and North America. 3i’s Private Equity team provides investment solutions for growing companies, backing entrepreneurs and management teams of mid-market companies. To learn more, visit 3i.com.
About Mesirow Financial
Mesirow Financial is an independent, employee-owned firm founded in 1937. As specialists in investment, risk management and advisory services, we are committed to helping our institutional, corporate and individual clients achieve their objectives. Our professionals are inspired by an entrepreneurial desire to develop tailored solutions that deliver measurable results. To learn more, please visit mesirowfinancial.com.
CONTACT: Nancy Gonzales, NGonzales@mesirowfinancial.com, 312-595-8115
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