M&A Deal Summary

Orizon Acquires Spirit AeroSystems - Chanute Operations

On September 30, 2016, Orizon acquired aerospace company Spirit AeroSystems - Chanute Operations from Spirit AeroSystems

Acquisition Highlights
  • This is Orizon’s 1st transaction in the Aerospace sector.
  • This is Orizon’s 1st transaction in the United States.
  • This is Orizon’s 1st transaction in Kansas.

M&A Deal Summary
Date 2016-09-30
Target Spirit AeroSystems - Chanute Operations
Sector Aerospace
Buyer(s) Orizon
Sellers(s) Spirit AeroSystems
Deal Type Divestiture

Target

Spirit AeroSystems - Chanute Operations

Chanute, Kansas, United States
Spirit AeroSystems, Inc. - Chanute Operations is a manufacture of component parts for aerostructures.

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Buyer(S) 1

Buyer

Orizon

Kansas City, Missouri, United States
Category Company
Sector Aerospace
Employees593
Revenue 115M USD (2021)
DESCRIPTION

Orizon manufactures large complex structural components, provides metal finish processing and fabricates major sub-assemblies for leading airframe manufacturers in the commercial aerospace, defense, space and general aviation industries. The company’s investments in digitized systems/software, proprietary engineering/ programming techniques, advanced machine tools, and automated assembly technologies provides affordable solutions for the largest Aerospace and Defense manufacturers in the world. Orizon is based in Kansas City, Missouri.

DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 1
State (Kansas) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1

Seller(S) 1

SELLER

Spirit AeroSystems

Wichita, Kansas, United States
Category Company
Founded 1927
Sector Aerospace
Employees14,500
Revenue 6.0B USD (2023)
DESCRIPTION

Spirit AeroSystems is an independent supplier of large component parts and assemblies for commercial aircraft. Spirit AeroSystems offers manufacturing and design expertise on a broad range of products and services for aircraft original equipment manufacturer. Spirit AeroSystems was founded in 1927 and is based in Wichita, Kansas.

DEAL STATS #
Overall 2 of 2
Sector (Aerospace) 2 of 2
Type (Divestiture) 2 of 2
State (Kansas) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-05 Spirit AeroSystems - Gulfstream G650 and G280 Wing Programs

Tulsa, Oklahoma, United States

Spirit AeroSystems' Gulfstream G650 and G280 Wing Programs provide wing design, engineering, and production based in Tulsa, Oklahoma.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-02 Asco Industries N.V.

Zaventem, Belgium

Asco Industries N.V. is a provider of high lift wing structures, mechanical assemblies and major functional components to major OEMs and Tier-1 suppliers in the global commercial aerospace and military markets.

Buy $650M
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