The Business

Griffith Enterprises, LLC (www.griffithent.com) is a Cottonwood, Arizona-based aerospace systems and components manufacturer specializing in the production of mission-critical interconnect harnesses, electrical sub-assemblies and engine and system controls. The company is a low volume/high mix, value-added manufacturer of highly engineered products that provide an important link between aircraft engine controls and engines, as well as products that control and monitor aircraft engines and other systems for a wide range of aerospace and military applications. The company’s products are found on a variety of aerospace and military platforms, including commercial aircraft (majority of Airbus and Boeing platforms), as well as several business jet, helicopter and military programs.

The Industry

The global outlook for the commercial aerospace market is one of recovery and growth. Increased demand for commercial aircraft manufacturing has been driven by several favorable market dynamics, including (i) growth in global air passenger traffic, (ii) strong new order volumes and growing backlog and (iii) multi-year aircraft production ramp-up for both Airbus and Boeing. These factors, combined with the introduction of several next-generation aircraft platforms, are expected to support strong industry growth for the foreseeable future.

The Process

Prestwick Partners initiated this transaction and acted as exclusive financial advisor to Griffith Enterprises (Cottonwood, Arizona) and Republic Private Equity (Denver, Colorado). Prestwick designed an M&A process, prepared marketing materials, evaluated acquisition proposals and negotiated the transaction with Amphenol Corporation (NYSE: APH), a Wallingford, Connecticut-based producer of electronic and fiber optic connectors, cable and interconnect systems. Prestwick’s process included both domestic and international strategic acquirers as well as private equity groups.