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KippsDeSanto & Co. advises Flatirons Solutions, Inc. on its sale to TELEO Capital

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KippsDeSanto & Co. advises Flatirons Solutions, Inc. on its sale to TELEO Capital

KippsDeSanto & Co. is pleased to announce the sale of its client, Flatirons Solutions, Inc. (“Flatirons” or the “Company”), to TELEO Capital (“TELEO”).

Headquartered in Boulder, CO, Flatirons is a provider of end-to-end content lifecycle management software solutions that help top commercial airlines, tier-one OEMs, and government organizations worldwide manage complex aviation content and achieve higher levels of maintenance and flight operation productivity, optimize asset utilization, and realize operational / regulatory compliance. The Company has a rich history that spans over 25 years and includes deep relationships with marquee customers across the aerospace sector, including 8 of the top 10 global airlines, the top 3 aircraft engine OEMs, and numerous MRO, defense, and government customers.

The aerospace industry is rapidly adopting and expanding software-as-a-service (“SaaS”) based digital content management solutions that are replacing paper-based processes to manage content. Flatirons’ comprehensive product suite allows users to transform legacy arduous processes by effectively managing the full lifecycle of content from creation to consumption in a digital environment.

The Company’s software suite is OEM-agnostic and provides access to an up-to-date database of content for 150+ airframes, 130+ engines, and numerous subcomponents, which are seamlessly delivered through customer-centric software and consumed across multiple end-markets.

Flatirons’ with TELEO will accelerate innovations, furthering the Company’s leadership position in its markets and extending its content management functionality. By mid-2022, Flatirons will complete the launch of its new SaaS-based product suite as the Company works closely with two of the world’s largest airlines as inaugural customers of the fully cloud-based platform.

We believe this transaction highlights several key trends in the aerospace and enterprise technology M&A market:

  • Buyers are looking for companies with differentiated expertise, seamless software-based solutions, and deeply embedded relationships with key aerospace / defense customers
  • Continued emphasis on R&D investment is critical to capitalize on customers’ need for SaaS-based content management solutions
  • Sophisticated private equity buyers with intimate knowledge of target industries / explicit growth strategies continue to be avid investors in the aviation software market, looking to the middle market to implement buy and build strategies

About KippsDeSanto & Co. KippsDeSanto & Co. is an investment banking firm focused on serving growth-oriented Aerospace / Defense, Government Services and Technology companies. We are focused on delivering exceptional M&A and Financing transaction results to our clients via leveraging our scale, creativity and industry experience. We help market leaders realize their full strategic value. Having advised on over 140 industry transactions since 2007, KippsDeSanto is recognized for our analytical rigor, market insight, and broad industry relationships. There’s no substitute for experience.  For more information, visit www.kippsdesanto.com. There’s no substitute for experience.  For more information, visit www.kippsdesanto.com.

Investment Banking products and services are offered through KippsDeSanto & Co., a non-bank subsidiary of Capital One, N.A., a wholly-owned subsidiary of Capital One Financial Corporation, and a member of FINRA and SIPC. Products and services are Not FDIC insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and Not Insured by Any Federal Government Agency.

Press Release

TELEO CAPITAL COMPLETES GROWTH EQUITY INVESTMENT IN FLATIRONS SOLUTIONS

Boise, ID and Los Angeles, CA – (November 9th, 2021) TELEO Capital Management, LLC (“TELEO”) announced the acquisition of Flatirons Solutions, Inc. (“Flatirons” or the “Business”) from Presse Participations. Flatirons is the global leader in technical content management solutions for the aviation and defense industries. This investment marks TELEO’s second investment in aviation software and fifth corporate carve-out since 2019.

Based in Boulder, CO, Flatirons offers a critical SaaS solution for the global aerospace industry which helps improve the productivity of maintenance procedures, ensuring regulatory compliance. TELEO’s investment will support the continued innovation of Flatirons’ software, driving significant operational efficiencies for the aerospace industry.

“The aerospace market is rapidly changing in response to regulations and technological advances. Flatirons provides organizations with a necessary software platform to efficiently deliver technical content and track completion of maintenance, service and installations while ensuring compliance with industry standards,” stated TELEO Capital.

“I am thrilled with this new chapter in our company history. TELEO and Flatirons share common values, especially when it comes to caring about our customers and employees. This partnership allows us to expand our capacity to serve the market,” stated Flatirons CEO, Stéphane Labadie.

“We are impressed with Flatirons’ innovation to date, the high quality of their staff and their top-tier customer base. Given their twenty years of leadership in the industry, we know they will fit perfectly into our expanding aviation software portfolio,” added Matt Scholl, an Operating Partner at TELEO.

KippsDeSanto & Co. served as the exclusive financial advisor to Flatirons on the transaction.

About Flatirons Solutions

Flatirons Solutions is a provider of technical content management solutions that enable global aviation and defense customers to create, publish and streamline critical information. Flatirons’ proprietary software continuously improves technical and regulatory content to align with necessary maintenance procedures. Their solutions translate content into actionable tasks and jobs, tracking the process from start to finish. Flatirons is based in Boulder, CO with additional offices in India and Europe.

For additional information, please visit www.flatironssolutions.com.

About TELEO Capital

TELEO Capital is a lower middle market private equity firm that looks to invest in opportunities where its strategic thought, operational resources and capital base empower management to perform and execute their business plan. TELEO brings a successful track record of executing corporate carve-outs, recapitalizing broken balance sheets, acquiring founder-owned companies, and implementing buy and build strategies for its portfolio companies. TELEO targets opportunities in the technology & software, healthcare IT, business services and industrial sectors. The firm is headquartered in Boise, ID with an additional office in Los Angeles, CA.

For additional information, please contact Matt Oehlmann at moehlmann@teleocapital.com or visit: www.teleocapital.com.