TransDigm Group acquires Calspan Corporation
Snapshot
TransDigm Group acquired Calspan Corporation for total purchase price of $729 million (per FY23 10-K) in August 2023. The transaction was structured as all cash. Calspan Corporation is a Buffalo, New York (HQ)-based Power & Control / Non-aviation business.
- Acquirer
- TransDigm Group
- Target
- Calspan Corporation
- Value
- total purchase price of $729 million (per FY23 10-K)
- Date
- August 2023
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
TransDigm Group acquired Calspan Corporation for total purchase price of $729 million (per FY23 10-K), a transaction completed in August 2023, structured as all cash.
Calspan Corporation operates in Power & Control / Non-aviation, is based in Buffalo, New York (HQ), had revenue of about approximately $200 million (CY2023E). Buffalo, New York-based independent provider of highly engineered testing and technology development services and systems for aerospace and defense, including a transonic wind tunnel used in commercial and defense aerospace development. Operates seven primary facilities across New York, Virginia, Minnesota and California; about 625 employees.
Aftermarket-focused A&D testing services with earnings stability and growth potential
No advisory firms have been disclosed for this transaction.