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M&A Deal Summary

Bombardier Acquires Learjet

On June 29, 1990, Bombardier acquired aerospace company Learjet from Gates Industrial

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

M&A Deal Summary
Date 1990-06-29
Target Learjet
Sector Aerospace
Buyer(s) Bombardier
Sellers(s) Gates Industrial
Deal Type Divestiture

Target

Learjet

Wichita, Kansas, United States
Learjet is an aerospace manufacturer of business jets for civilian and military customers based in Wichita, Kansas.

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Buyer(S) 1

Buyer

Bombardier

Dorval, Quebec, Canada
Category Company
Founded 1902
Sector Aerospace
Employees17,100
Revenue 8.7B USD (2024)
DESCRIPTION

Bombardier together with its subsidiaries, manufactures transportation equipment worldwide. Bombardier was founded in 1902 and is headquartered in Dorval, Canada.

DEAL STATS #
Overall 1 of 1
Sector: Aerospace M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Kansas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1990 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-05 Flexjet

Richmond Heights, Ohio, United States

Flexjet offers a range of private-jet services including: fractional ownership, leasing, charter memberships and aircraft management. Flexjet was founded in 1995 and is based in Richmond Heights, Ohio.

Sell $185M

Seller(S) 1

SELLER

Gates Industrial

Denver, Colorado, United States
Category Company
Founded 1911
Sector Manufacturing
Employees14,100
Revenue 3.4B USD (2024)
DESCRIPTION

Gates Industrial is a manufacturer of power transmission belts and a premier global manufacturer of fluid power products. Gates Industrial was founded in 1911 and is based in Denver, Colorado.

DEAL STATS #
Overall 1 of 2
Sector: Aerospace M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
State: Kansas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1990 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1967-04-10 Learjet

Wichita, Kansas, United States

Learjet is an aerospace manufacturer of business jets for civilian and military customers based in Wichita, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-02 Stackpole International

Ancaster, Ontario, Canada

Stackpole International, Inc. is a manufacturer and sole source supplier of highly-engineered oil pumps and powdered metal components to automotive original equipment manufacturers.

Sell -
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