M&A Deal Summary

B/E Aerospace Acquires TSI Group

On October 4, 2010, B/E Aerospace acquired electronics company TSI Group from Arlington Capital Partners and Audax Private Debt for 310M USD

Acquisition Highlights
  • This is B/E Aerospace’s 1st transaction in the Electronics sector.
  • This is B/E Aerospace’s 2nd largest (disclosed) transaction.
  • This is B/E Aerospace’s 9th transaction in the United States.
  • This is B/E Aerospace’s 1st transaction in Missouri.

M&A Deal Summary

Date 2010-10-04
Target TSI Group
Sector Electronics
Buyer(s) B/E Aerospace
Sellers(s) Arlington Capital Partners
Audax Private Debt
Deal Type Add-on Acquisition
Deal Value 310M USD

Target

TSI Group

St. Louis, Missouri, United States
TSI Group, Inc. is a manufacturer of custom-engineered thermal management and electronic component and systems solutions predominantly to defense and aerospace customers. TSI Group is based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

B/E Aerospace

Wellington, Florida, United States

Category Company
Founded 1987
Sector Aerospace
Employees10,057
Revenue 2.7B USD (2015)
DESCRIPTION
Entrance to B/E Aerospace's corporate headquarters in Wellington, Florida.
Entrance to B/E Aerospace's corporate headquarters in Wellington, Florida.

B/E Aerospace, Inc. is a manufacturer of aircraft cabin interior products and a provider of aerospace fasteners, consumables and logistics services. B/E Aerospace designs, develops and manufactures a broad range of products for both commercial aircraft and business jets. B/E Aerospace manufactured products include aircraft cabin seating, lighting systems, oxygen systems, food and beverage preparation and storage equipment, galley systems, and modular lavatory systems.


DEAL STATS #
Overall 10 of 17
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 4 of 11
State (Missouri) 1 of 1
Country (United States) 9 of 15
Year (2010) 5 of 5
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-04 CGR Technologies

Placentia, California, United States

CGR Technologies, Inc. is an engineers, tests and manufactures quality, high performance military and commercial thermal management products; and specializes in air cooled heatsinks, complex vacuum brazed components, liquid and air cooled avionics chassis.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-09 UFC Aerospace

Holtsville, New York, United States

UFC Aerospace Corp. is a provider of aerospace “kitting” solutions. We have been supporting our valued customers with kitting services for over 25 years. Kit contents can range anywhere from 2 line items to thousands of line items.

Buy $400M

Seller(S) 2

SELLER

Arlington Capital Partners

Chevy Chase, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 7.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Arlington Capital Partners is a middle-market private equity firm focused on buyouts and recapitalizations in targeted growth industries. Arlington targets US based companies valued between $50 and $500 million with strong potential for organic growth and possible consolidation opportunities. Sectors of interest include business services and outsourcing, aerospace/defense, federal and commercial IT, media, education and training, healthcare services, and manufacturing. Arlington Capital was formed in 1999 and is headquartered in Washington DC.


DEAL STATS #
Overall 6 of 38
Sector (Electronics) 1 of 2
Type (Add-on Acquisition) 5 of 20
State (Missouri) 1 of 1
Country (United States) 6 of 36
Year (2010) 1 of 1
Size (of disclosed) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-15 Unison

Dulles, Virginia, United States

Unison is a provider of purpose-built procurement and contract management software solutions to U.S. federal government agencies and government contractors. All software development and support are done within the USA. For over 30 years, Unison has continually advanced software and insight solutions to help Federal programs efficiently achieve their missions. Unison was founded in 1983 and is based in Dulles, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-01 Data Technologies & Analytics

United States

Data Technologies & Analytics, LLC was created to address the country’s most pressing National Security needs by utilizing a combination of organic and acquisition-based growth to deliver technology-rich software and IT services to the Intelligence Community.

Buy -
SELLER

Audax Private Debt

New York, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 5.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies valued between $10 and $60 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations.


DEAL STATS #
Overall 13 of 51
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 7 of 19
State (Missouri) 1 of 1
Country (United States) 13 of 51
Year (2010) 1 of 3
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-16 RegO

Elon, North Carolina, United States

RegO is a designer and manufactures a comprehensive range of flow control valves and regulators that are sold to domestic and international markets under the RegO and Goddard brand names. RegO was formed in 1908 and is based in Elon, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 Diversified Foodservice Supply

Mount Prospect, Illinois, United States

Diversified Foodservice Supply is a distributor of maintenance, repair and operations parts, supplies, and equipment to the U.S. foodservice industry, serving over 250,000 foodservice customer locations. DFSI is uniquely positioned in the industry due to its strength in sourcing high quality parts from both original component and original equipment manufacturers. DFSI currently operates through multiple brands including AllPoints Foodservice Parts & Supplies, Tundra Restaurant Supply, Franklin Machine Products, Mill Hardware, and Restaurant Parts & More. Its brands are consistently recognized as market leaders in service, quality, and value. DFSI has a long track record of strong organic growth complemented by successful acquisitions. These acquisitions have helped to broaden its product offering and geographic footprint, enabling DFSI to provide industry-leading selection and service to its customers.

Buy -