Griffith Enterprises

The Company

Griffith Enterprises, Inc. (“Griffith” or the “Company”), headquartered in Cottonwood, Arizona, is a leading custom manufacturer and supplier of complex aerospace interconnect systems and electronic systems controls for a variety of commercial and military aircrafts.  The Company’s interconnect systems, or wiring harnesses which transmit electrical signals between engine controls and various moving parts of the aircraft, are used in all major Boeing commercial aircrafts, Airbus aircrafts, major military aircrafts, regional/business jets, as well as helicopter platforms. The Company’s extensive industry relationships are a direct result of its custom design and manufacturing capabilities and high quality products that exceed the quality characteristics of its competitors’ products

The Situation

The shareholders of Griffith Enterprises, Inc. retained KPMG Corporate Finance as its exclusive adviser for the potential sale of the Company. The shareholders sought to sell the business in order to provide liquidity to the founder as he reached retirement.

The Transaction

KPMG Corporate Finance conducted a competitive sale process to identify strategic and financial acquirers that would enable the founder to exit the business in a majority sale of the Company.  KPMG Corporate Finance developed significant buyer interest, coordinated management meetings, and negotiated a transaction with Republic Financial Corporation’s Private Equity Group, a privately held buyout firm with significant aerospace and defense knowledge, headquartered in Aurora, Colorado.