Marriott & Co. Serves as Exclusive Financial Advisor to Aerodyn Engineering, Inc.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to Aerodyn Engineering, Inc. (“Aerodyn” or the “Company”) in its investment by The White Oak Group (“White Oak”), a private equity management firm based in Atlanta. The transaction closed on December 30, 2016. Terms of the transaction were not disclosed.
Headquartered in Indianapolis, Aerodyn is a leading provider of highly technical and specialized services to turbine original equipment manufacturers in a variety of industries including the aerospace, power generation, automotive, marine and industrial sectors. Aerodyn was founded in 2002 by Dave Lawrence and has achieved significant growth since inception. In addition to operating two facilities in Indiana, Aerodyn also has operations in Florida, Canada, and the United Kingdom.
“I am very excited to partner with White Oak and believe they will add significant value to the continued growth and development of our business in the coming years,” said CEO and Founder of Aerodyn, Dave Lawrence, “I would also like to thank the Marriott & Co. team for their hard work and professional guidance throughout the transaction process. Their team played a critical role in ensuring that Aerodyn found an investment group that understands our unique business model.”
“We are thrilled to work with Dave and the rest of the Aerodyn team, and we look forward to continuing to build on the success of the Company for many years to come,” said Chris Melton, Chairman and CEO of White Oak.
Justin Marriott, Managing Director of Marriott & Co., added, “We truly enjoyed working with the entire Aerodyn and White Oak teams. We are honored that Aerodyn provided us with the opportunity to advise the Company on this important transaction, and know that Aerodyn is poised for great things under this new partnership.”
About Aerodyn Engineering:
Founded in 2002 and headquartered in Indianapolis, Aerodyn Engineering is a leading provider of highly technical and specialized services to turbine original equipment manufacturers (“OEMs”) for use and deployment in the development stage of a turbine’s lifecycle, such as test instrument design and development, instrumentation fabrication, instrumentation, and testing services. The Company serves OEMs and other companies involved in various aspects of the development of turbine systems globally and in a variety of industries including the aerospace, power generation, automotive, marine and industrial sectors. With a team of highly trained professionals, sophisticated equipment and facilities and precise testing processes, Aerodyn is on the cutting edge of turbine technology and is respected for its responsiveness, quality and expertise. The Company’s U.S. facilities include its headquarters in Indianapolis, its state-ofthe-art Testing & Technology Center is in Whitestown, IN, and a facility in Jupiter, FL. Internationally, Aerodyn has operations in Derby, United Kingdom and in Montreal, Quebec, Canada. For more information, visit www.aerodyneng.com.
About The White Oak Group:
White Oak is an Atlanta-based private equity management firm focused on making investments in lower middle market, IP-rich businesses primed for growth. With a successful record built on industry expertise and partnerships with exceptional management teams, White Oak invests in Aerospace and Defense, Environmental, Information Management, and Power companies. For more information, please visit www.thewhiteoakgroup.com.
About Marriott & Co.:
Headquartered in Richmond, Virginia, Marriott & Co. (www.heliumdev3.us) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Contact: Justin Marriott
Phone: (804) 344-0952