TransDigm Group acquires CPI Electron Device Business (Communications & Power Industries)
Snapshot
TransDigm Group acquired CPI Electron Device Business (Communications & Power Industries) for approximately $1.385 billion in cash in June 2024. The transaction was structured as all cash. CPI Electron Device Business (Communications & Power Industries) is a Palo Alto, California (and MA, UK, CA sites)-based Power & Control business.
- Acquirer
- TransDigm Group
- Target
- CPI Electron Device Business (Communications & Power Industries)
- Value
- approximately $1.385 billion in cash
- Date
- June 2024
- Type
- full acquisition / carve-out
- Status
- ready
The deal at a glance
About this deal
TransDigm Group acquired CPI Electron Device Business (Communications & Power Industries) for approximately $1.385 billion in cash, a transaction completed in June 2024, structured as all cash.
CPI Electron Device Business (Communications & Power Industries) operates in Power & Control, is based in Palo Alto, California (and MA, UK, CA sites), had revenue of about approximately $300 million (FY ended Sept 30, 2023). Electron Device Business carved out of Communications & Power Industries (a portfolio company of TJC, L.P.); a global manufacturer of electronic components and subsystems for aerospace and defense. Approximately 70% of revenue is aftermarket and nearly all is proprietary; about 900 employees; plants in Palo Alto CA, Beverly MA, Middlesex UK and Woodland CA.
About 70% aftermarket revenue, nearly all proprietary, diverse A&D platforms
No advisory firms have been disclosed for this transaction.