M&A Deal Summary

Heroux-Devtek Acquires Progressive

On February 24, 2004, Heroux-Devtek acquired aerospace company Progressive for 58M USD

Acquisition Highlights
  • This is Heroux-Devtek’s 1st transaction in the Aerospace sector.
  • This is Heroux-Devtek’s largest (disclosed) transaction.
  • This is Heroux-Devtek’s 1st transaction in the United States.
  • This is Heroux-Devtek’s 1st transaction in Texas.

M&A Deal Summary
Date 2004-02-24
Target Progressive
Sector Aerospace
Buyer(s) Heroux-Devtek
Deal Type Add-on Acquisition
Deal Value 58M USD
Advisor(s) InterOcean Advisors LLC (Financial)

Target

Progressive

Arlington, Texas, United States
Progressive Inc. of Arlington, Texas, a manufacturer of complex military aircraft structural components.

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Buyer(S) 1

Buyer

Heroux-Devtek

Longueuil, Quebec, Canada

website

Category Company
Founded 1942
Sector Aerospace
Employees2,100
Revenue 536M CAD (2022)
DESCRIPTION

Heroux-Devtek is a Canadian company serving the Aerospace market segment. It is specialized in the design, development, manufacture and repair and overhaul of related systems and components. Héroux-Devtek supplies both the commercial and military sectors of the Aerospace segment with landing gear systems, including spare parts, repair and overhaul services and airframe structural components. Héroux-Devtek was founded in 1942 and is based in Longueuil, Canada.

DEAL STATS #
Overall 1 of 4
Sector (Aerospace) 1 of 4
Type (Add-on Acquisition) 1 of 3
State (Texas) 1 of 1
Country (United States) 1 of 3
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-17 McSwain Manufacturing

Cincinnati, Ohio, United States

McSwain Manufacturing Corp. engages in manufacturing specializing in tight tolerance, large turning and milling operations primarily supporting the industrial gas turbine market.

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Mergr

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