Campolo, Middleton & McCormick’s M&A team continues its busy spring – closing another multimillion-dollar deal in a transaction that will keep business booming on Long Island.
The firm represented a multi-generation family-owned aerospace business in the sale of substantially all its business assets to a Connecticut-based private equity firm. Our client, the supplier of a diverse range of aerospace structural components and assemblies, flight safety assemblies, and flight critical parts, provides support to various private and military programs. These include the Lunar Space Program, Boeing’s 777 and 767 programs, as well as the U.S. Military’s V22 Osprey and CH-47 Chinook programs.
The family-owned business is located in the Long Island Innovation Park at Hauppauge (LI-IPH), which is recognized as the anchor of Long Island’s tradable economy, bringing critical new dollars into a region. In a display of long-lasting and continuous growth for Long Island, the deal includes the buyer’s commitment to keep the business in the Long Island community through the long-term lease of the client’s buildings located in the center of the LI-IPH.
While the deal faced several complications, CMM’s corporate team including Don Rassiger, Vincent Costa, Marc Saracino, and paralegal Katharine Campolo, were able to push through and close the transaction. As a champion for the Long Island business community, CMM takes pride in negotiating and closing complex transactions that secure long-term growth benefiting both our clients and Long Island as a whole.