Target: Forney Corporation
Transaction Type: Sell-side Advisory
Industries: Aerospace and Defense, Industrial Machinery
Geography: Texas, USA


Seale & Associates was retained by UTC to advise on the sale of its subsidiary company, Forney Corporation, as part of the parent company’s long-term portfolio transformation to focus on its core of aerospace and building systems and products, while moving away from non-core industries and service-focused businesses.

Seale & Associates’ Approach

Seale professionals ran a competitive auction process, managing multiple strategic and private equity investors with experience and/or interest in the energy segment, in order to identify a buyer with the capital and capabilities to meet the expectations of the client.


The process resulted in a successful sale to Graham Holdings (formerly The Washington Post Company), an Arlington, Virginia based diversified investment holding firm whose principal operations include educational services, television broadcasting, cable systems and online, print and local TV news.