TransDigm Group acquired Extant Components Group Holdings, Inc. for approximately $525 million, a transaction completed in April 2018, structured as combination (cash on hand + revolver).
Extant Components Group Holdings, Inc. operates in Power & Control, is based in Melbourne, Florida, had revenue of about approximately $85 million (FY ending Sept 2018). Melbourne, Florida-based provider of proprietary aftermarket products and repair/overhaul services to aerospace and defense; a portfolio company of Warburg Pincus. Exclusively licenses or acquires aftermarket-focused products from leading A&D OEMs and supports them over the aircraft's remaining life; owns/licenses 2,500+ assemblies on 70+ active platforms (F-16, AH-64, F-18, F-15, C-130). About 80% aftermarket revenue, nearly all proprietary/sole source; about 170 employees; about $85M FY2018E revenue.
Extant's model of exclusively licensing or acquiring proprietary, aftermarket-focused products from leading aerospace and defense OEMs fits well with TransDigm's proprietary and aftermarket-focused value generation strategy.
About 80% aftermarket, nearly all proprietary; active pipeline of OEM product-line acquisitions Extant Aerospace
Advisory firms were not disclosed for this transaction.