M&A Deal Summary

Gardner Standard Acquires Shadin Avionics

On June 23, 2020, family office Gardner Standard acquired aerospace company Shadin Avionics from The Wright Group

Acquisition Highlights
  • This is Gardner Standard’s 3rd transaction in the Aerospace sector.
  • This is Gardner Standard’s 6th transaction in the United States.
  • This is Gardner Standard’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2020-06-23
Target Shadin Avionics
Sector Aerospace
Buyer(s) Gardner Standard
Sellers(s) The Wright Group
Deal Type Divestiture

Target

Shadin Avionics

Eden Prairie, Minnesota, United States
website
Shadin Avionics is a provider in the design and manufacture of innovative avionics for military, business jet, general aviation, and commercial aerospace applications. Shadin Avionics was established in 1978 and is based in Eden Prairie, Minnesota.

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Buyer(S) 1

Buyer

Gardner Standard

Investor Investor Investor

website

Category Family Office
Founded 1884
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gardner Standard is a family backed private investment group focused on acquiring and partnering with lower middle-market companies with up to $75 million in annual sales. The Firm will consider a variety of investment situations including buyouts, special situations, and divestitures. Sectors of interest include manufacturing, consumer, business services, aerospace/defense, industrial services, building products, energy services, and packaging. Gardner Standard is based in New York City.

DEAL STATS #
Overall 6 of 8
Sector (Aerospace) 3 of 3
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 6 of 8
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-09 McNally Industries

Grantsburg, Wisconsin, United States

McNally Industries provides advanced design engineering, complex test and assembly, and precision machining and manufacturing for mission-critical applications, primarily supporting both new and legacy platforms for the aerospace & defense and midstream oil & gas markets. McNally Industries was established in 1942 and is based in Grantsburg, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-08 Pharmacal

Jackson, Wisconsin, United States

Pharmacal is a manufacturer and distributor of consumer products to the outdoor recreation, first aid, and over-the-counter personal care and hygiene markets. The Company provides private-label products to the leading drug store and big-box retailers in addition to products sold under its own brands, which include MG217 psoriasis products, vH Essentials feminine care products, and Potable Aqua water purification tablets. Pharmacal was founded in 1896 and is based in Jackson, Wisconsin.

Buy -

Seller(S) 1

SELLER

The Wright Group

Chicago, Illinois, United States

website

Category Company
Sector Insurance
DESCRIPTION

The Wright Group is a full-service commercial insurance agency. Wright offers all forms of commercial insurance, understanding the specific risks of a select industry has better equipped the agency to design comprehensive insurance programs for those business owners. The Wright Group is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Mergr

Product

Company

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