Aerospace, Defense & Space, Manufacturing & Distribution
Blast Deflectors Inc. Has Been Acquired by Hanover Partners
Published March 22, 2018
FOR IMMEDIATE RELEASE // SEATTLE, WASHINGTON – CLA Meridian Capital is pleased to announce that Blast Deflectors Inc., (BDI) the leading provider of jet blast deflectors and ground run-up enclosures to airports globally, has been acquired by Hanover Partners in partnership with Greyrock Capital Group and Northstar Capital. CLA Meridian Capital served as the Company’s exclusive financial advisor on the transaction.
ABOUT BLAST DEFLECTORS INC
BDI was founded in 1957 by the pioneering engineer, Stanley Lynn. BDI products improve safety, maximize space and minimize aircraft run-up noise for airports and military facilities worldwide. Over its 60-year history, BDI has set the standard in industry innovation, developing a broad intellectual property portfolio through continuous investments in research and development. The Company has delivered noise reduction and safety solutions to airports across six continents. The sale will provide the Company with additional resources to accelerate international growth opportunities. As part of the transaction, the current management team will remain in their existing roles.
“This transaction reflects a major milestone for both our family and the business. Hanover, Greyrock and Northstar are the best possible partners to BDI to pursue new opportunities and maintain the legacy and culture built over the past 60 years,” said Christopher Lynn, majority shareholder of BDI. “CLA Meridian Capital’s transactional experience coupled with their knowledge of the aviation industry brought great value. Additionally, their commitment to transparency and ability to communicate complex issues made the closing of this transaction possible.”The BDI sale represents CLA Meridian Capital’s 12th completed aerospace and aviation transaction over the past five years, further positioning CLA Meridian Capital’s Aerospace Practice Group as a national leader in the industry.
Brian Murphy, President & Managing Director
CLA Meridian Capital
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About CLA Meridian Capital
CLA Meridian Capital is the investment banking division of CliftonLarsonAllen (CLA) Wealth Advisors, LLC, an SEC registered investment advisor and broker dealer, member FINRA/SIPC. With 30+ years of middle-market M&A and financial advisory experience, $22 billion in total transaction value, and deep industry knowledge across the Consumer, Industrials, and Technology sectors, CLA Meridian Capital helps our clients preserve the value they’ve built and the legacies they leave behind.
