CEO Advisor, Inc. Advises Wyvern Technologies, Inc. on its Exit Strategy / Sale
Rhea-AI Summary
CEO Advisor has successfully advised Wyvern Technologies on its sale to Extant Aerospace, a subsidiary of TransDigm (NYSE:TDG). Wyvern Technologies, a leader in aerospace and defense electronics and technology components, has been serving military, defense agencies, and military contractors for four decades, providing critical aircraft operations support.
The acquisition brings together complementary companies in the aerospace and defense sector, strengthening their combined product offering. Jim Weber, President of Wyvern Technologies, expressed enthusiasm about finding a strong buyer, crediting CEO Advisor's expertise for finalizing the transaction.
Positive
- Strategic acquisition by TransDigm (NYSE:TDG) expanding aerospace and defense portfolio
- Integration with Extant Aerospace strengthens market position in defense electronics
- Established 40-year track record in military and defense sector
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, TDG gained 3.90%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Wyvern Technologies sells its products to the military, defense/logistics agencies and military contractors. Wyvern has played a key role in keeping these critical aircraft operating efficiently for the past four decades.
Jim Weber, President of Wyvern Technologies, Inc. commented, "We are excited to find such a strong buyer for our company. This transaction was finalized due to the efforts of many, especially due to the expertise, experience and diligent hard work of Mark Hartsell and CEO Advisor, Inc."
Mark Hartsell, President of CEO Advisor, Inc., stated, "Wyvern Technologies has been a specialty technology company for decades and is a great fit for Extant Aerospace. We are very excited that CEO Advisor, Inc. brought these two complimentary companies together for an even stronger product offering."
About CEO Advisor, Inc.
CEO Advisor provides mergers and acquisitions and business advisory services to effectively and affordably meet the needs of CEOs, Presidents and business owners of small to mid-size companies in a wide range of industries, including software, technology, digital media, service firms, healthcare, manufacturing and many more. CEO Advisor, Inc. is a specialty firm with expertise and experience in working with business owners to guide them through every step of the preparation and sale process, helping them realize their life's dream through a successful exit. Mark Hartsell, MBA, President is certified in Mergers and Acquisitions from the Wharton Business School, University of
Contact Mark Hartsell, MBA, President of CEO Advisor, Inc. for a no cost initial consultation on your exit strategy and sale of your business at (949) 629-2520, by email at MHartsell@CEOAdvisor.com or visit us at www.CEOAdvisor.com for more information.
View original content:https://www.prnewswire.com/news-releases/ceo-advisor-inc-advises-wyvern-technologies-inc-on-its-exit-strategy--sale-302322970.html
SOURCE CEO Advisor, Inc.
FAQ
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