News & Events

Janes Capital Partners advises Pacific Precision Products on its sale to Zodiac Aerospace

precision-pacific-zodiac-aerospaceIrvine, CA (February 28, 2014) – Janes Capital Partners is pleased to announce the sale of Pacific Precision Products (PPP) to Zodiac Aerospace.  Located in Southern California, PPP is a leading developer and manufacturer of oxygen systems and components for mid and large-cabin business jet original equipment manufacturers (OEMs) and completion centers.

Zodiac Aerospace, a publicly-traded Company, manufactures aerospace equipment and systems for commercial, regional and business aircraft.  Zodiac Aerospace is headquartered in Plaisir, France, has approximately 30,000 employees worldwide and had $5.1 billion in revenue for its fiscal year ending August 31, 2013.  Zodiac Aerospace’s Aircraft Systems segment includes oxygen system providers, Zodiac Aerotechnics (formerly Intertechnique), with locations in France and Germany, and AVOX Systems, based in Buffalo, New York.  As a whole, the Aircraft Systems segment provides comprehensive systems for civil aircraft (commercial aircraft, regional jets, business jets and helicopters) and military aircraft platforms.“PPP and Zodiac Aerospace’s product lines and aircraft platforms are complementary, providing a natural fit for PPP within the Aircraft Systems division,” said Francois Vigier, owner of PPP.  “Partnering with Zodiac, PPP will be in an ideal position to further develop the market for single-use oxygen sources.  This outcome is truly outstanding and speaks highly of the Janes Capital Partners’ team’s unmatched M&A expertise, tireless effort and invaluable guidance and counsel.”

Stephen Perry, Managing Director of Janes Capital Partners, said, “PPP’s engineering expertise, global customer relationships, customization capabilities and unique agility made this company a valuable and highly sought after business.”

Janes Capital Partners served as the exclusive financial advisor to Pacific Precision Products Mfg.  The Janes Capital Partners deal team included Stephen Perry, Managing Director, Jason Wright, Senior Vice President, Ilana Germaine, Associate and Travis Mullen, Analyst.  Rutan & Tucker acted as legal counsel for PPP.  Kilpatrick Townsend & Stockton LLP and Approbans acted as legal and financial counsel, respectively, for Zodiac Aerospace.

Terms of the transaction were not disclosed.

About Janes Capital Partners

Based in Irvine, CA, Janes Capital Partners is a leading boutique investment banking firm focused solely on the Aerospace and Defense industry.  The firm provides mergers and acquisition advisory services and assists clients in executing growth strategies and liquidity events.  With a cadre of former bulge bracket investment bankers, successful A&D executives, skilled engineers and decorated military personnel, the members of Janes Capital Partners have completed more than 50 successful A&D transactions and $4 billion in closed transaction value.  Securities transactions are conducted through JCP Securities, Inc., a registered Broker/Dealer, member FINRA/SIPC, and registered Investment Advisor.