TransDigm Group acquires Kirkhill (elastomers business)
Snapshot
TransDigm Group acquired Kirkhill (elastomers business) for $50 million in cash (subject to adjustment) in March 2018. The transaction was structured as all cash. Kirkhill (elastomers business) is a Brea, California-based Airframe business.
- Acquirer
- TransDigm Group
- Target
- Kirkhill (elastomers business)
- Value
- $50 million in cash (subject to adjustment)
- Date
- March 2018
- Type
- asset purchase / carve-out
- Status
- ready
The deal at a glance
About this deal
TransDigm Group acquired Kirkhill (elastomers business) for $50 million in cash (subject to adjustment), a transaction completed in March 2018, structured as all cash. The deal was a asset purchase / carve-out.
Kirkhill (elastomers business) operates in Airframe, is based in Brea, California, had revenue of about approximately $90 million. Brea, California-based supplier of highly engineered aerospace elastomers, acquired from Esterline Technologies. Annual revenue about $90 million; about 800 employees; about 50% commercial transport airframes, remainder defense aerospace. Primarily proprietary, sole source with significant aftermarket; on Boeing 787/777X/737MAX, Airbus A320NEO/A350 and the military JSF.
Proprietary, sole-source aerospace elastomers on major Boeing/Airbus/JSF platforms
No advisory firms have been disclosed for this transaction.