TransDigm Group acquired Airborne Global Inc. for $264.2 million, a transaction completed in December 2013, structured as cash.
TransDigm completed its acquisition of Airborne Systems in December 2013 for approximately $250 million in cash, buying the business from Metalmark Capital. Airborne Systems is a leading designer and manufacturer of personnel parachutes, cargo aerial delivery systems, emergency escape systems and naval decoys. The business had generated roughly $160 million in revenue for the fiscal year ended June 30, 2013.
Added proprietary aerospace components.
Advisory firms were not disclosed for this transaction.