M&A Deal Summary

Heroux-Devtek Acquires Beaver Aerospace & Defense

On February 27, 2018, Heroux-Devtek acquired aerospace company Beaver Aerospace & Defense from Phillips Service Industries

Acquisition Highlights
  • This is Heroux-Devtek’s 4th transaction in the Aerospace sector.
  • This is Heroux-Devtek’s 3rd transaction in the United States.
  • This is Heroux-Devtek’s 1st transaction in Michigan.

M&A Deal Summary
Date 2018-02-27
Target Beaver Aerospace & Defense
Sector Aerospace
Buyer(s) Heroux-Devtek
Sellers(s) Phillips Service Industries
Deal Type Divestiture

Target

Beaver Aerospace & Defense

Livonia, Michigan, United States
Beaver Aerospace & Defense, Inc. engages in the design and manufacturing of a broad range of custom ball screws and electromechanical actuation systems for the commercial and military aerospace and defense industries.

Search 199,713 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Heroux-Devtek

Longueuil, Quebec, Canada
Category Company
Founded 1942
Sector Aerospace
Employees2,100
Revenue 630M CAD (2024)
DESCRIPTION

Heroux-Devtek is a Canadian company serving the Aerospace market segment. It is specialized in the design, development, manufacture and repair and overhaul of related systems and components. Héroux-Devtek supplies both the commercial and military sectors of the Aerospace segment with landing gear systems, including spare parts, repair and overhaul services and airframe structural components. Héroux-Devtek was founded in 1942 and is based in Longueuil, Canada.

DEAL STATS #
Overall 4 of 4
Sector (Aerospace) 4 of 4
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 3 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-03 APPH Wichita

Wichita, Kansas, United States

APPH specializes in the design, engineering, manufacturing and aftermarket support of landing gear and hydraulic systems and assemblies for fixed and rotary wing civil and military aircraft.

Buy -

Seller(S) 1

SELLER

Phillips Service Industries

Plymouth, Michigan, United States
Category Company
Founded 1967
Sector Manufacturing
DESCRIPTION

Phillips Service Industries, Inc. is a global manufacturing and services holding company that oversees a diverse collection of innovative subsidiaries: PSI Repair Services, Inc., PSI Semicon Services and Sciaky, Inc. The Company serves a wide range of high-tech industries like aerospace, defense, automotive, alternative energy and semiconductor. Phillips Service Industries, Inc. was formed in 1967 and is headquartered in Plymouth, Michigan.

DEAL STATS #
Overall 1 of 2
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 2
State (Michigan) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 Mountain Secure Systems

Longmont, Colorado, United States

Mountain Secure Systems (MSS) has been providing reliable rugged electronic solutions in the world for the aerospace and defense industries, particularly in the area of rugged data storage systems. From submarine-based data-collection systems to mission-critical data logging on the space shuttle, the company engineers its rugged storage systems for superior performance and durability that will outlast the harshest environments. Mountain Secure Systems was founded in 1985 and is based in Longmont, Colorado.

Sell -
Mergr

Product

Company

Legal