• FMG, Inc. focuses on aircraft maintenance, airport ground handling and passenger services, based in Japan
  • HITO Communications, Inc. is a leading human resources provider based in Japan


  • DC Advisory acted as exclusive financial advisor to FMG on its sale to HITO Communications
  • DC Advisory leveraged its Aerospace, Defense and Government Services sector expertise as well as broad and strong client coverage
  • Following a competitive bidding process, DC Advisory managed to identify a suitable partner, worked closely with the shareholders and management team on both sides, assisted with negotiations and managed a broad and competitive process to maximize value creation for FMG


  • The transaction closed on July 31, 2023 
  • This transaction further illustrates DC Advisory’s strong expertise in M&A sell-side advisory support and strengthens the track record of of international delivery in the Aerospace, Defense and Government Services sector