New York, New York (PressExposure) January 26, 2009 -- Excelsior Aerospace has announced a definitive agreement to acquire Helocomb International. Transaction terms have not been disclosed.
Wedgewood Associates initiated the transaction, led the negotiations and acted as the exclusive financial advisor to Helocomb. Jonson, James & Hoffman LLP acted as legal advisor to Helocomb, and Marrison Cohen acted as legal advisor to the buyer.
"The Wedgewood team ran an efficient, effective process that achieved a strong valuation with minimal disruption to Helocomb's business," says Steve Austin, president and majority shareholder of Helocomb. "The results more than met my personal expectations, especially given the volatile market conditions."
Wedgewood Associates is a global provider of investment banking services to public and private companies with annual revenues of up to $1.5 billion. The firm's services include mergers, acquisitions, capital raising, fairness opinions and restructurings. Wedgewood Associates, which offers in-depth expertise in 10 distinct industry sectors, brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.
Wedgewood Associates' international headquarters are located in New York, NY.