DCF advises Stratosphere Quality, LLC. on its sale – Press release | Deloitte US has been added to your bookmarks.
Deloitte Corporate Finance LLC Advises Stratosphere Quality, LLC on its Sale
CHARLOTTE, N.C., Sept. 11, 2017 — Deloitte Corporate Finance LLC acted as the exclusive financial advisor to Stratosphere Quality, LLC (SQ) on its sale to a Japan-based diversified general trading company and a Japan-based quality support and outsourcing solutions company. The transaction closed July 3, 2017.
Founded in 2009 and based in Fishers, Indiana, SQ is the leading North American provider of quality assurance and outsourcing solutions to the automotive, medical and industrial equipment industries. The company helps customers identify the root cause of quality problems, minimize defects, increase efficiency, and reduce costs associated with quality issues.
“Deloitte's extensive cross-border capabilities and knowledge of the automotive and industrial sectors were critical to getting a deal done. We couldn't be happier with the outcome,” said Steve Cage, former chairman of SQ.
“Steve and the SQ management team have built an impressive business. This transaction should make for a powerful, global player in the quality assurance sector. We anticipate more consolidation ahead in the quality assurance sector that may reverberate through tangential sectors as well,” said Tony Blanchard, managing director, Deloitte Corporate Finance LLC.
About Stratosphere Quality, LLC
Stratosphere Quality, founded in 2009, is major global provider of quality assurance and outsourcing solutions, including sorting and inspection services, to manufacturers of parts and components in the automotive, medical device, electronics, home appliance and recreational vehicle industries. Headquartered just northeast of Indianapolis, Indiana, Stratosphere Quality has a geographic reach of 22 US states, Canada, and Mexico. For more information on Stratosphere Quality, visit their website at www.stratospherequality.com.
About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC (DCF) provides strategic advisory services and M&A advice that help corporate, entrepreneurial, and private equity clients create and act upon opportunities for liquidity, growth and long term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. DCF, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 1,900 professionals, who work collaboratively across 150 international locations. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. For more information, visit www.investmentbanking.deloitte.com.
Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security.
Deloitte Corporate Finance LLC, an SEC registered broker-dealer and member of FINRA and SIPC, is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP. Investment banking products and services within the United States are offered exclusively through Deloitte Corporate Finance LLC. For more information, visit www.investmentbanking.deloitte.com. Please see www.deloitte.com/us/about for a detailed description of our legal structure. Certain services may not be available to attest clients under the rules and regulations of public accounting.