TransDigm Group acquired Raptor Scientific (Raptor Labs Holdco, LLC) for approximately $655 million in cash (including certain tax benefits), a transaction completed in July 2024, structured as all cash.
Raptor Scientific (Raptor Labs Holdco, LLC) operates in Power & Control, is based in Livermore, California and four other US sites, had revenue of about approximately $90 million (CY2024E). Global manufacturer of complex test and measurement solutions primarily serving aerospace and defense; a portfolio company of L Squared Capital Partners. Nearly all revenue from proprietary products; about 170 employees; plants in Livermore CA, Woodland Hills CA, Berlin CT, Huntsville AL and Peterborough NH. Financed through cash on hand. The FY25 10-K reports approximately $646 million net of a working-capital settlement.
Nearly all revenue from proprietary products; strong A&D platform presence
Advisory firms were not disclosed for this transaction.