TransDigm Group acquires Skandia, Inc.
Snapshot
TransDigm Group acquired Skandia, Inc. for approximately $84 million (including assumed debt) in July 2018. The transaction was structured as all cash. Skandia, Inc. is a Davis Junction, Illinois-based Airframe business.
- Acquirer
- TransDigm Group
- Target
- Skandia, Inc.
- Value
- approximately $84 million (including assumed debt)
- Date
- July 2018
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
TransDigm Group acquired Skandia, Inc. for approximately $84 million (including assumed debt), a transaction completed in July 2018, structured as all cash.
Skandia, Inc. operates in Airframe, is based in Davis Junction, Illinois, had revenue of about approximately $26 million. Davis Junction, Illinois-based provider of highly engineered seating foam, foam fabrication, flammability testing and acoustic solutions for the business jet market, acquired from Graycliff Partners LP. Annual revenue about $26 million; about 70 employees; about 85% of revenue from business jets. Products are primarily proprietary/sole source with over 50% aftermarket content; present on Bombardier, Cessna, Dassault, Embraer and Gulfstream platforms.
Primarily proprietary/sole source on nearly all business-jet platforms; strong aftermarket
No advisory firms have been disclosed for this transaction.