TransDigm Group Incorporated (NYSE: TDG), a Cleveland, OH-based designer, producer and provider of extremely engineered plane elements to be used on almost all business and army plane in service, acquired Raptor Labs Holdco, a producer of complicated check and measurement options, for about $655M in money, together with sure tax advantages.
With the acquisition, TransDigm Group will broaden its choices.
A portfolio firm of L Squared Capital Companions, Raptor Scientific is a worldwide producer of complicated check and measurement options primarily serving the aerospace and protection finish markets. Its merchandise are engineered, proprietary elements with important aftermarket content material and a presence throughout aerospace and protection platforms.
The corporate employs roughly 170 individuals and has manufacturing places in Livermore, CA; Woodland Hills, CA, Berlin, CT, Huntsville, AL, and Peterborough, NH.
Led by CEO Kevin Stein, TransDigm Group, by way of its wholly-owned subsidiaries, is a worldwide designer, producer and provider of engineered plane elements to be used on almost all business and army plane. Main product choices, considerably all of that are supplied to end-users within the aerospace trade, embody mechanical/electro-mechanical actuators and controls, ignition methods and engine expertise, specialised pumps and valves, energy conditioning units, specialised AC/DC electrical motors and mills, batteries and chargers, engineered latching and locking units, engineered rods, engineered connectors and elastomer sealing options, databus and energy controls, cockpit safety elements and methods, specialised and superior cockpit shows, engineered audio, radio and antenna methods, specialised toilet elements, seat belts and security restraints, engineered and customised inside surfaces and associated elements, superior sensor merchandise, switches and relay panels, thermal safety and insulation, lighting and management expertise, parachutes, excessive efficiency hoists, winches and lifting units, and cargo loading, dealing with and supply methods and specialised flight, wind tunnel and jet engine testing companies and gear.
Commenting on the information, Kevin Stein stated: “We’re excited concerning the acquisition of Raptor Scientific. The Firm’s complete proprietary and extremely engineered product portfolio of aerospace and protection testing and instrumentation options matches properly with our worth technology technique. Raptor Scientific’s check and measurement options are used on a various vary of recent and current plane platforms, and the Firm has an impressive popularity with its prospects. As with all TransDigm acquisitions, we anticipate this acquisition to create fairness worth in-line with our long-term non-public equity-like return aims.”
FinSMEs
29/05/2024
