TransDigm Group acquires Esterline Technologies Corporation
Snapshot
TransDigm Group acquired Esterline Technologies Corporation for approximately $4.0 billion ($122.50/share, 38% premium, including assumed debt) in March 2019. The transaction was structured as all cash. Esterline Technologies Corporation is a Bellevue, Washington (HQ); 50+ locations worldwide-based Power & Control / Airframe business.
- Acquirer
- TransDigm Group
- Target
- Esterline Technologies Corporation
- Value
- approximately $4.0 billion ($122.50/share, 38% premium, including assumed debt)
- Date
- March 2019
- Type
- full acquisition / merger
- Status
- ready
The deal at a glance
About this deal
TransDigm Group acquired Esterline Technologies Corporation for approximately $4.0 billion ($122.50/share, 38% premium, including assumed debt), a transaction completed in March 2019, structured as all cash.
Esterline Technologies Corporation operates in Power & Control / Airframe, is based in Bellevue, Washington (HQ); 50+ locations worldwide, had revenue of about approximately $2.0 billion (FY2018E). Bellevue, Washington-based specialized manufacturer for aerospace and defense (NYSE: ESL), with 28 business units across eight platforms and over 12,500 employees in 50+ locations. Attractive OEM and aftermarket platform positions with substantial content on major commercial, regional, business-jet and defense platforms. TransDigm's largest closed acquisition to date.
Primarily proprietary, sole-source A&D products with growing aftermarket exposure
No advisory firms have been disclosed for this transaction.