M&A Deal Summary

Hanwha Aerospace Acquires EDAC Technologies

On June 10, 2019, Hanwha Aerospace acquired aerospace company EDAC Technologies from Greenbriar Equity Group for 300M USD

Acquisition Highlights
  • This is Hanwha Aerospace’s 1st transaction in the Aerospace sector.
  • This is Hanwha Aerospace’s largest (disclosed) transaction.
  • This is Hanwha Aerospace’s 1st transaction in the United States.
  • This is Hanwha Aerospace’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2019-06-10
Target EDAC Technologies
Sector Aerospace
Buyer(s) Hanwha Aerospace
Sellers(s) Greenbriar Equity Group
Deal Type Add-on Acquisition
Deal Value 300M USD

Target

EDAC Technologies

Farmington, Connecticut, United States
EDAC Technologies is a diversified designer, manufacturer and servicer of precision components for aerospace and industrial applications. EDAC offers design and manufacturing services for commercial and military aircraft, in such areas as jet engine parts, special tooling, equipment, gauges and components used in the manufacture, assembly and inspection of jet engines.

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Buyer(S) 1

Buyer

Hanwha Aerospace

Changwon, South Korea

Category Company
Founded 1977
Sector Aerospace
Revenue 9.36T KRW (2023)
DESCRIPTION

Hanwha Aerospace is a producer of aerospace products and components. In addition to technological advancement, Hanwha Aerospace also focuses on developing industry expertise and the ability to comprehensively address changing market demands as well as the ability to anticipate future market shifts. Hanwha Aerospace was formed in 1977 and is based in Changwon, South Korea.


DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Greenbriar Equity Group

Rye, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Greenbriar Equity Group is a specialized private equity firm focused on investing in the global transportation and advanced manufacturing industries. Companies of interest include traditional carriers, such as railroads, cruise lines, airlines, air freight, shipping, and trucking, as well as ancillary manufacturers and service companies that support the transportation industry. Greenbriar will consider making majority as well as minority investments through a variety of structures, including leveraged buyouts, recapitalizations, growth capital investments, corporate joint ventures and privatizations. The Firm targets businesses valued from $100 million to $1 billion. Greenbriar Equity was formed in 1999 and is based in Rye, New York.


DEAL STATS #
Overall 16 of 26
Sector (Aerospace) 3 of 6
Type (Add-on Acquisition) 8 of 12
State (Connecticut) 1 of 2
Country (United States) 13 of 22
Year (2019) 2 of 3
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-11 DART Aerospace

Saint-Laurent, Quebec, Canada

DART Aerospace is a designer, manufacturer, and marketer of certified solutions for the helicopter and aerospace industry. DART offers a comprehensive portfolio of mission equipment and related services, replacement parts and tooling for civil and military operators, all major rotorcraft OEMs, completion centers and MR&O facilities. DART Aerospace was founded in 1975 and is based in Saint-Laurent, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-23 Arotech

Ann Arbor, Michigan, United States

Arotech is an engineering solutions company that offers training & simulation and power systems solutions to military, law enforcement and homeland security markets. The Power Systems Division develops special purpose batteries, smart chargers and electronic components through operations in South Carolina and Israel. The Training & Simulation Division develops, manufactures and markets advanced multi-media and interactive digital solutions for engineering, use-of-force and operator training simulations. Arotech was founded in 1990 and is based in Ann Arbor, Michigan.

Buy $81M