Haynes Boone represented Precise Flight, Inc., a global provider and manufacturer of high-quality, innovative aviation systems and products, in its sale to Signia Aerospace, a portfolio company of Arcline Investment Management.
The transaction involved the sale of all equity interests in Precise Flight, marking a significant milestone for the Oregon-based company known for its reliable and cost-effective aviation technology.
The Haynes Boone deal team was led by Partners Brent Beckert and Bryan Diebels with assistance from Associates Spencer Bateman and Janet Wyse.
Formed in 1980, Precise Flight has grown from a small company in Bend, Oregon, with three employees and one product to a global leader in aviation safety and performance with 10 product lines, including lighting, oxygen, tube fabrication, interior solutions and electromechanical technologies worldwide. The acquisition of Precise Flight enhances Signia’s capabilities in critical safety and lighting technologies, strengthening its position as a comprehensive supplier to customers worldwide.
"It was a privilege to work with the Precise Flight team on this transaction," said Beckert. "This sale is a natural fit that will help shape the future of aviation technology."
The firm's strategic guidance helped navigate the complexities of the transaction, which is the fifth major aviation deal for Haynes Boone industry in the past 12 months. Recent representations include Satcom Direct in its $600 million sale to Gogo Inc., Applied Avionics in its $385 million sale to Loar Group, Micropac Industries in its take-private sale to Teledyne Technologies and Precision Aerospace Holdings in its purchase of Clearwater Engineering.
Haynes Boone’s M&A Practice Group has comprehensive experience handling middle-market deals, having helped clients close more than 500 transactions in the last five years, with an aggregate value exceeding $50 billion. The firm routinely represents private equity firms, closely held corporations, founders, large financial institutions and Fortune 500 public companies.
