TransDigm Group acquires DART Aerospace
Snapshot
TransDigm Group acquired DART Aerospace for approximately $360 million in cash (about $359M net of working-capital settlement per 10-K) in May 2022. The transaction was structured as all cash. DART Aerospace is a Montreal, Quebec (HQ)-based Airframe business.
- Acquirer
- TransDigm Group
- Target
- DART Aerospace
- Value
- approximately $360 million in cash (about $359M net of working-capital settlement per 10-K)
- Date
- May 2022
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
TransDigm Group acquired DART Aerospace for approximately $360 million in cash (about $359M net of working-capital settlement per 10-K), a transaction completed in May 2022, structured as all cash.
DART Aerospace operates in Airframe, is based in Montreal, Quebec (HQ), had revenue of about approximately $100 million (CY2022E pro forma). Montreal, Quebec-based provider of highly engineered helicopter mission-equipment solutions predominantly serving civilian aircraft; a portfolio company of Greenbriar Equity Group. About 95% of revenue from proprietary products and about 80% from aftermarket; about 400 employees; four plants in Hawkesbury ON, Portland OR, Fort Collins CO and Chihuahua, Mexico. Financed with cash on hand.
About 95% proprietary, about 80% aftermarket; strong rotary-wing platform presence
No advisory firms have been disclosed for this transaction.