Aerospace, Defense & Space, Diversified Industrials
Blast Deflectors Inc. Has Been Acquired by Hanover Partners
Published March 22, 2018
FOR IMMEDIATE RELEASE // SEATTLE, WASHINGTON – Meridian Capital LLC is pleased to announce that Blast Deflectors Inc., (BDI) the leading provider of jet blast deflectors and ground run-up enclosures to airports globally, has been acquired by Hanover Partners in partnership with Greyrock Capital Group and Northstar Capital. Meridian Capital served as the Company’s exclusive financial advisor on the transaction.
ABOUT BLAST DEFLECTORS INC
BDI was founded in 1957 by the pioneering engineer, Stanley Lynn. BDI products improve safety, maximize space and minimize aircraft run-up noise for airports and military facilities worldwide. Over its 60-year history, BDI has set the standard in industry innovation, developing a broad intellectual property portfolio through continuous investments in research and development. The Company has delivered noise reduction and safety solutions to airports across six continents. The sale will provide the Company with additional resources to accelerate international growth opportunities. As part of the transaction, the current management team will remain in their existing roles.
“This transaction reflects a major milestone for both our family and the business. Hanover, Greyrock and Northstar are the best possible partners to BDI to pursue new opportunities and maintain the legacy and culture built over the past 60 years,” said Christopher Lynn, majority shareholder of BDI. “Meridian’s transactional experience coupled with their knowledge of the aviation industry brought great value. Additionally, their commitment to transparency and ability to communicate complex issues made the closing of this transaction possible.”The BDI sale represents Meridian’s 12th completed aerospace and aviation transaction over the past five years, further positioning Meridian’s Aerospace Practice Group as a national leader in the industry.
Brian Murphy, President & Managing Director
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About Meridian Capital
Founded in 1995, Meridian Capital is a Seattle-based M&A advisory firm, advising business owners on complex corporate finance, M&A and strategic challenges for over 26 years. The firm differentiates itself through its deep industry insights, highly customized service approach, and end-to-end commitment to execution. With a unique combination of professionals with financial, transactional, and operational expertise, Meridian offers the depth and breadth of experience required to serve leading middle market companies in multiple sectors including aerospace & defense, business services, consumer, diversified industrials, food & beverage, technology, and telecommunications.