M&A Deal Summary

Heroux-Devtek Acquires Progressive

On February 24, 2004, Heroux-Devtek acquired aerospace company Progressive for 58M USD

Acquisition Highlights
  • This is Heroux-Devtek’s 1st transaction in the Aerospace sector.
  • This is Heroux-Devtek’s largest (disclosed) transaction.
  • This is Heroux-Devtek’s 1st transaction in the United States.
  • This is Heroux-Devtek’s 1st transaction in Texas.

M&A Deal Summary

Date 2004-02-24
Target Progressive
Sector Aerospace
Buyer(s) Heroux-Devtek
Deal Type Add-on Acquisition
Deal Value 58M USD
Advisor(s) InterOcean Advisors (Financial)

Target

Progressive

Arlington, Texas, United States
Progressive Inc. of Arlington, Texas, a manufacturer of complex military aircraft structural components.

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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 specializing in the design, development, manufacture repair, and overhaul of related systems and components. Heroux-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. Heroux-Devtek was founded in 1942 and is based in Longueuil, Quebec.


DEAL STATS #
Overall 1 of 4
Sector: Aerospace M&A 1 of 4
Type: Add-on Acquisition M&A Deals 1 of 3
State: Texas M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2004 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-17 McSwain Manufacturing

Cincinnati, Ohio, United States

McSwain Manufacturing Corp. engages in manufacturing specializing in tight tolerance, large turning and milling operations primarily supporting the industrial gas turbine market.

Sell -