Lincoln Partners Represents TEAC America in Spin-Off of TEAC Aerospace Technologies to Thayer Capital Partners

Montebello, CA  TEAC Aerospace Technologies, Inc. (The Company) through a partnership with Thayer Capital Partners (Thayer), announced its successful spin-off from TEAC America as a standalone, privately held company. The new Company is comprised of the domestic and international operations of the TEAC Aerospace Technologies group, formerly a part of TEAC America.  As it has for over 30 years, TEAC Aerospace Technologies will continue to provide innovative, high quality video recording products and solutions to its customers in the military and commercial aerospace markets.  Lincoln Partners assisted TEAC Corporation in analyzing strategic alternatives, identifying several prospective buyers and advising on the selection of Thayer Capital Partners.

Commenting on the transaction, Dave Husted, President and Chief Executive Officer of TEAC Aerospace stated: "Lincoln Partners played a critical role in guiding us through various strategic alternatives and the transaction itself.  We are very excited about the spin-off of TEAC Aerospace and partnership with Thayer.  Our products play a critical role in defense missions and we believe that our partnership with Thayer will provide the resources and commitment necessary to successfully maintain our technological and quality leadership." 

The Company and TEAC America have completed agreements to continue operations at the current facilities for several years. TEAC America will also provide the Company with manufacturing and other support activities for an extended period of time to assure performance for ongoing and future customer commitments. 

"This transaction involved numerous complexities including supply chain agreements, intellectual property transfers and various international aspects," said Jack Calderon, Managing Director at Lincoln Partners.  "Lincoln Partners' industry focus, global experience and operational expertise enabled us to achieve our client's objectives, on target and on time."

Lincoln Partners is the second largest investment bank headquartered in Chicago, specializing in the middle-market mergers and acquisitions, private capital raising and financial recovery for global clients.  The firm's fundamental commitment is to complete assignments on the best terms for clients  committing hands-on attention, ingenuity and significant expertise to every transaction.  Lincoln Partners industry expertise includes aerospace/defense, consumer products, electronics, food products, general industrial and building products, and transportation equipment.