Aviation Report Q2 2023
Miami Investment Banking Firm Cassel Salpeter Issues Aviation Industry Deal Report
South Florida firm publishes Q2 2023 Aviation Deal Report surveying year’s company M&A, deal flow, and market trends
Healthcare Report Q2 2023
Miami Investment Banking Firm Cassel Salpeter Issues Healthcare Industry Deal Report
South Florida firm publishes Q1 2023 Healthcare Deal Report surveying year’s company M&A, deal flow, and market trends
Q2 2023: Tech Deal Report
Miami Investment Banking Firm Cassel Salpeter Releases Tech Industry Deal Report
South Florida firm publishes Q2 2023 Tech Investment Banking Report surveying technology deals, industry M&A, and public markets activity
Q1 2023: Healthcare Deal Report
Miami Investment Banking Firm Cassel Salpeter Issues Healthcare Industry Deal Report
South Florida firm publishes Q1 2023 Healthcare Deal Report surveying year’s company M&A, deal flow, and market trends
Q1 2023: Aviation Deal Report
Miami Investment Banking Firm Cassel Salpeter Issues Aviation Industry Deal Report
South Florida firm publishes Q1 2023 Aviation Deal Report surveying year’s company M&A, deal flow, and market trends
Q1 2023: Tech Deal Report
Miami Investment Banking Firm Cassel Salpeter Releases Tech Industry Deal Report
South Florida firm publishes Q1 2023 Tech Investment Banking Report surveying technology deals, industry M&A, and public markets activity
Flourish Research Holdings, LLC Acquired Central Research Holdings
- Background: Central Research Associates, Inc. (“CRA”), based in Birmingham, AL, is a leading, founder-owned, multi-specialty clinical research site, offering clinical trial opportunities to patients in Birmingham and the surrounding areas.
- Cassel Salpeter:
- Served as financial advisor to CRA
- Successfully identified a strategic buyer interested in expanding its footprint in the Southeastern U.S.
- Was deeply involved in the process from buyer selection through closing
- Challenges:
- Expedited marketing process to ensure the sellers timeline was met
- Maintained original deal timeline despite challenging market conditions
- Navigating extensive diligence process without interrupting the business
- Outcome: In April 2023, CRA was acquired by Flourish Research Holdings, LLC (“Flourish Research”), a large clinical trial site network in the U.S.
Corbett Technology Solutions, Inc. Acquired Firecom
- Background: Firecom, Inc. (“Firecom”), based in Woodside, NY, is the largest fire alarm company in New York City, servicing approximately 800 high-rise buildings, and is one of only five companies in the U.S. to manufacture its own fire life safety systems for high-rise buildings.
- Cassel Salpeter:
- Served as financial advisor to the company
- Ran a highly-focused competitive sales process, identifying and contacting strategic buyers
- Assisted in the structuring, negotiating, and closing of the transaction
- Challenges:
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- Maximizing and delivering value for synergies
- Managing ownership and operational complexities
- Navigating extensive diligence review process
- Outcome: In June 2022, Firecom was acquired by Corbett Technology Solutions, Inc. (“CTSI”), a leading provider of communication, collaboration, life-safety, and security solutions for clients across the East Coast. CTSI is a portfolio company of Wind Point Partners.
M3 Wake Research acquired MSRA Company
- Background: Multi-Specialty Research Associates (“MSRA”), based in Lake City, FL, is a founder-owned clinical research site, conducting Phase I-IV clinical trials. Since its inception, MSRA, a leader in clinical trials, has conducted clinical trials for leading sponsors in therapeutics, vaccines and diagnostics.
- Cassel Salpeter:
- Served as financial advisor to the company
- Ran a focused, competitive sales process, identifying and contacting strategic and financial buyers
- Successfully identified a strategic buyer interested in expanding its operations in Florida
- Was extensively involved in the process from buyer selection through closing
- Challenges:
- Expedited sale and due dilligence process to ensure the sellers timeline was met
- Balancing seller’s objectives to maximize value while preserving organizational structure
- Outcome: In May 2022, MSRA was acquired by M3 Wake Research, headquartered in Raleigh, NC, an integrated organization of premier investigational sites, with over 16 research locations throughout the U.S.
