M&A Deal Summary

Boeing Acquires KLX

On May 1, 2018, Boeing acquired distribution company KLX for 4.3B USD

Acquisition Highlights
  • This is Boeing’s 1st transaction in the Distribution sector.
  • This is Boeing’s 3rd largest (disclosed) transaction.
  • This is Boeing’s 25th transaction in the United States.
  • This is Boeing’s 1st transaction in Florida.

M&A Deal Summary
Date 2018-05-01
Target KLX
Sector Distribution
Buyer(s) Boeing
Deal Type Add-on Acquisition
Deal Value 4.3B USD

Target

KLX

Wellington, Florida, United States
Entrance to KLX's corporate headquarters in Wellington, Florida.
Entrance to KLX's corporate headquarters in Wellington, Florida.
KLX, Inc. is a distributor and value added service provider of aerospace fasteners and consumables, and a provider of services and products for the oil and gas industry. KLX, Inc. is based in Wellington, Florida.

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Buyer(S) 1

Buyer

Boeing

Arlington, Virginia, United States
Category Company
Founded 1916
Sector Aerospace
Employees156,000
Revenue 77.8B USD (2023)
DESCRIPTION
Boeing's corporate headquarters in downtown Chicago, Illinois.
Boeing's corporate headquarters in downtown Chicago, Illinois.

Boeing is a global aerospace company that operates in five principal segments. These segments include Commercial Airplanes; Boeing Defense, Space & Security (BDS) which comprises of Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S); and Boeing Capital Corporation (BCC). The Company's other business includes the activities of Engineering, Operations & Technology (EO&T) and Shared Services Group (SSG). EO&T provides Boeing with technical and functional capabilities, including information technology, research and development, test and evaluation, technology strategy development, environmental remediation management and intellectual property management. Boeing was founded in 1916 and is based in Arlington, Virginia.

DEAL STATS #
Overall 28 of 34
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 23 of 27
State (Florida) 1 of 1
Country (United States) 25 of 29
Year (2018) 1 of 2
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-05 Aurora Flight Sciences

Manassas, Vermont, United States

Aurora Flight Sciences is an innovative technology company which strives to create smarter aircraft through the development of versatile and intuitive autonomous systems. Operating at the intersection of technology and robotic aviation, Aurora leverages the power of autonomy to make manned and unmanned flight safer and more efficient. Headquartered in Manassas, Virginia, Aurora operates production plants in Bridgeport, West Virginia and Columbus, Mississippi, has Research and Development Centers in Cambridge, Massachusetts, Dayton, Ohio and Mountain View, California, and a European office, Aurora Swiss Aerospace, located in Luzern, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-16 Millennium Space Systems

El Segundo, California, United States

Millennium Space Systems, Inc. is a provider of agile, flight-proven small-satellite solutions. Millennium Space Systems was founded in 2001 and is based in El Segundo, California.

Buy -
Mergr

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