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Fort Lauderdale, FL – Farlie, Turner & Co., LLC announced that it served as exclusive financial advisor to Sunair Services Corporation (AMEX: SNR) in the divestiture of its subsidiary company, Sunair Communications, to a private investor group led by the subsidiary’s management team. Sunair Communications is a leading designer and manufacturer of high frequency radio systems used in government and military applications for long-range voice and data communications.
The Company’s blue chip customer base consists of domestic and international military and governmental agencies, including the U.S. Army, Navy, Air Force, Coast Guard and Department of Homeland Security.
With the divestiture, Sunair Services will continue its transition to a pure-play pest control and lawn care services company, according to CEO John J. Hayes. With the sale of this subsidiary, the Company will have completed the divestiture of the most substantive portion of its legacy operations. Proceeds from the sale will be used for internal growth and acquisitions in the core pest control and lawn care services business and to pay down debt.
Farlie, Turner & Co., LLC, and its affiliate Bayshore Partners, LLC, a broker-dealer registered with the NASD, provide merger and acquisition, private placement, and financial advisory services. For more information, call