Transaction represents the firm’s continued momentum in the communications technology sector
D.A. Davidson & Co. announced today that is has served as exclusive financial advisor to Aria Technologies in its sale to Halo Technology Group.
Aria Technologies is an industry leading designer, manufacturer, and provider of fiber optical connectivity solutions located in the San Francisco Bay Area. The company specializes in fiber optic assemblies, patch panels and other fiber optic and copper-based network components as well as in-house custom engineering, design, and fabrication services. Aria Technologies’ dedication to customer satisfaction has made the company a trusted partner to 270+ customers, including Fortune 500 companies and some of the world's most recognized and demanding cable TV, telecommunications, and data center providers.
“The D.A. Davidson technology investment banking team was invaluable in the outcome of this transaction,” said Joe McGuinness, president of Aria Technologies. “The team’s industry expertise and transaction execution capabilities enabled the shareholders to realize the optimal outcome while also best positioning Aria Technologies for future growth.”
“Joe, Paula and the rest of the Aria Technologies team have done a fantastic job building the company into a market leader in the fiber optic connectivity space,” said Brad Gevurtz, managing director at D.A. Davidson. “We are thrilled to have advised Aria Technologies on this transaction and excited to follow the Company in its new chapter as a part of the Halo Technology Group.”
The Aria transaction represents another successful closing by D.A. Davidson's technology investment banking group and is the sixth communications technology transaction for the firm since February 2020. With the recently announced acquisition of Marlin & Associates, D.A. Davidson will be the 5th most active technology group in the United States on M&A deals under $250 million. Since 2019, the combined technology group has completed over 40 advisory transactions and raised more than $20 billion in total capital across 35+ public offerings.
D.A. Davidson’s investment banking division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle market clients worldwide across four industry verticals: consumer, diversified industrials, financial institutions, and technology. The Aria transaction is the sixth communications technology transaction for the firm since February 2020.
Together with its European strategic partner, MCF Corporate Finance, D.A. Davidson originates and executes transatlantic M&A transactions under the common brand of D.A. Davidson MCF International.
About D.A. Davidson Companies
D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 and headquartered in Montana, with corporate offices in Denver, Los Angeles, Portland and Seattle, the company has approximately 1,400 employees and offices in 28 states.
Subsidiaries include: D.A. Davidson & Co., the largest full-service investment firm headquartered in the Northwest, providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser providing fixed income portfolio and advisory services.
For more information, visit dadavidson.com.