Private equity firm Graham Partners has sold Schneller LLC, a leading provider of highly-engineered, laminates for surfaces within commercial aircraft, to strategic buyer TransDigm Group Incorporated (Transdigm; NYSE:TDG).
Harris Williams & Co acted as the exclusive advisor to Schneller in the transaction. which closed on 31 August. 2011. The transaction was led by Jon Nemo, a managing director and head of the ADG Group at Harris Williams & Co, and Chris Rogers and Doug Kinard from the firm’s Aerospace, Defense & Government Services (ADG) Group, along with Brent Spiller from the firm’s Richmond office.
“We have known Graham Partners and the Schneller management team for many years, and we are delighted to have represented them in their sale to TransDigm," says Nemo. "Schneller is a terrific aerospace business and the transaction exemplifies the opportunities that are available with the right strategic partner for a leader in a targeted, niche market."
"We continue to see strong M&A deal flow in the aerospace market, with both strategic and financial buyers attracted to the solid fundamentals and long-term growth dynamics of the sector," says Rogers, a director at Harris Williams & Co.
