Firstmark is acquired by H-D Manufacturing in $84m cash merger
It was announced today (30 June 2015) that Firstmark Corp, a Maine corporation headquartered in Richmond, Virginia has been acquired by H-D Advanced Manufacturing, a Delaware Corporation headquartered in Pittsburgh Pennsylvania in a $84m cash merger. Firstmark, through its subsidiaries, manufactures and sells components and sub-assemblies that are used in the aerospace and defense industries.
Firstmark also designs, manufactures and repairs precision electronic, electromechanical and mechanical components and systems for the aerospace and defense industries, as well as aircraft safety restraints and leading edge inflatables technology safety products for military, commercial and civil aircraft.
To learn more about Firstmark, visit its website at www.firstmarkcorp.com.
Steen Associates acted as financial adviser to Firstmark and conducted the sales process. Steen Associates also provided the Fairness Opinion to the Special committee of the Board.
H-D Advanced Manufacturing was formed in 2012 by a partnership among The Riverside Company, Hicks Equity Partners and Weinberg Capital Group. The company manufactures high precision mission critical products and applications for the aerospace, and oil and gas sectors.
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