Q3 2022: Aviation Deal Report
Miami Investment Banking Firm Cassel Salpeter Issues Aviation Industry Deal Report
South Florida firm publishes Q3 2022 Aviation Deal Report surveying year’s company M&A, deal flow, and market trends
The Aaron’s Company acquired BrandSmart U.S.A.
- Background: BrandsMart U.S.A. (“BrandsMart”), based in Fort Lauderdale, FL, is a leading Southeast U.S. appliance and electronics retailer, offering a wide selection of brands, and thousands of products, including appliances, consumer electronics and computers, furniture, and other home goods.
- Cassel Salpeter:
- Served as financial advisor to the company
- Facilitated the due dilligence process, working closely with the team to expeditiously and clearly answer acquirer’s questions
- Assisted in the structuring, negotiating, and closing of the transaction
- Challenges:
- Ensured the desires were met to carry on the company legacy after decades of family ownership
- As it was an unsolicited transaction, the seller was not fully prepared for the nuances of a sales process
- Extensive due dilligence process without interrupting business, while working to meet the timing needs of a public company acquirer
- Outcome: In April 2022, BrandsMart was acquired by The Aaron’s Company (NYSE: AAN), a leading technology-enabled, omnichannel provider of lease-to-own and purchase solutions with headquarters in Atlanta, GA.
PROS Holdings, inc. acquired EveryMundo
- Background: EveryMundo (“EveryMundo, LLC”), based in Miami, FL, is the leader in SaaS fare marketing technology focused on helping airlines, travel, and events businesses maximize their reach and engagement, enabling deeper relationships with their customers across multiple channels to bypass third-party aggregators and drive direct booking opportunities.
- 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 acquirer looking to gain greater market penetration and enhance its digital consumer engagement offerings
- Challenges:
- Helping potential buyers understand EveryMundo’s rapid growth trajectory, sustainability, and expansion into new adjacent markets
- Maintaining tight timeline for transaction process without interfering with business growth trajectory
- Outcome: In November 2021, EveryMundo was acquired by PROS Holdings, Inc. (NYSE: PRO), a provider of SaaS solutions optimizing shopping and selling experiences with headquarters in Houston, TX.
Q3 2022 Healthcare Update
Miami Investment Banking Firm Cassel Salpeter Releases Healthcare Industry Deal Report
South Florida firm publishes Q3 2022 Healthcare Deal Report surveying private placements, M&A, IPOs, public market activity, and trends
Q2 2022 Healthcare Update
South Florida firm publishes Q1 2022 Healthcare Deal Report surveying private placements, M&A, IPOs, public market activity, and trends
Q1 2022 Healthcare Investment Banking Report
South Florida firm publishes Q1 2022 Healthcare Deal Report surveying private placements, M&A, IPOs, public market activity, and trends
