Deloitte Corporate Finance LLC Advises Stratosphere Quality, LLC on its Sale
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.