M&A Deal Summary

Textron Acquires Bell Textron

On July 5, 1960, Textron acquired aerospace company Bell Textron for 30M USD

Acquisition Highlights
  • This is Textron’s 1st transaction in the Aerospace sector.
  • This is Textron’s 10th largest (disclosed) transaction.
  • This is Textron’s 1st transaction in the United States.
  • This is Textron’s 1st transaction in Texas.

M&A Deal Summary
Date 1960-07-05
Target Bell Textron
Sector Aerospace
Buyer(s) Textron
Deal Type Add-on Acquisition
Deal Value 30M USD

Target

Bell Textron

Fort Worth, Texas, United States
website
Bell facility near Ft. Lauderdale international airport.
Bell facility near Ft. Lauderdale international airport.
Bell Textron is a manufacturer of military helicopters and tilt-rotor aircraft. Bell is committed to building coveted vertical lift products. Bell solves complex mobility issues and supporting consumers, warfighters, and industries with exceptional technology and experiences. Bell Textron was founded in 1935 and is based in Fort Worth, Texas.

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Buyer(S) 1

Buyer

Textron

Providence, Rhode Island, United States

website

Category Company
Founded 1923
Sector Diversified
Employees33,000
Revenue 12.4B USD (2021)
DESCRIPTION
Textron's corporate headquarters in downtown Providence, Rhode Island.
Textron's corporate headquarters in downtown Providence, Rhode Island.

Textron is a multi-industry company that leverages a global network of aircraft, defense, industrial and finance businesses to provide customers with products and services around the world. Textron conducts business through five operating segments: Cessna, Bell, Textron Systems and Industrial, and Finance. Cessna is a general aviation company with two principal lines of business: Aircraft sales and aftermarket services. Bell Helicopter is a supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. Textron Systems’ product lines consist of unmanned aircraft systems, land and marine systems, weapons and sensors and a variety of defense and aviation mission support products and services. Textron Industrial designs and manufactures a variety of products under three principal product lines, including Fuel Systems and Functional Components, Golf and Turf Care, and Powered Tools, Testing and Measurement Equipment. Textron Finance is a commercial finance business that consists of Textron Financial Corporation. Textron was formed in 1923 and is based in Providence, Rhode Island. Textron was founded in 1923 and is based in Providence, Rhode Island.

DEAL STATS #
Overall 1 of 48
Sector (Aerospace) 1 of 7
Type (Add-on Acquisition) 1 of 39
State (Texas) 1 of 2
Country (United States) 1 of 30
Year (1960) 1 of 1
Size (of disclosed) 10 of 11
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1986-01-01 Greenlee Textron

Rockford, Illinois, United States

Greenlee is a provider of tools to the woodworking and electrical industries.

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