M&A Deal Summary

Ontic Acquires Pratt & Whitney Canada - JT15D Engine Parts

On October 27, 2020, Ontic acquired aerospace company Pratt & Whitney Canada - JT15D Engine Parts from Pratt & Whitney Canada

Acquisition Highlights
  • This is Ontic’s 3rd transaction in the Aerospace sector.
  • This is Ontic’s 1st transaction in Canada.
  • This is Ontic’s 1st transaction in Quebec.

M&A Deal Summary
Date 2020-10-27
Target Pratt & Whitney Canada - JT15D Engine Parts
Sector Aerospace
Buyer(s) Ontic
Sellers(s) Pratt & Whitney Canada
Deal Type Divestiture

Target

Pratt & Whitney Canada - JT15D Engine Parts

Longueuil, Quebec, Canada
Pratt & Whitney Canada Corp.'s JT15D Engine Parts manufactures portfolio of engine support capabilities.

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Buyer(S) 1

Buyer

Ontic

Chatsworth, California, United States
Category Company
Founded 1974
Sector Aerospace
Employees700
DESCRIPTION

Ontic is a provider of high-quality, OEM-licensed parts for legacy aerospace platforms. Ontic was founded in 1974 and is based in Chatsworth, California.

DEAL STATS #
Overall 3 of 4
Sector (Aerospace) 3 of 3
Type (Divestiture) 2 of 3
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-19 Firstmark

Chatsworth, California, United States

Firstmark Corp. is a provider of highly engineered, proprietary components and subsystems for the aerospace and defense industries. The company employs over 70 people and has locations in Creedmoor, North Carolina, and Plainview, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-11 Marsh Bellofram - Servotek and Westcon Product Lines

Newell, West Virginia, United States

Marsh Bellofram's Servotek and Westcon Product Lines include Servotek TachSyn brushless DC tachometer and commutators, instrument-grade DC tachometers, and rotary encoders. The products are for a variety of industrial and aerospace applications. Westcon AC/DC tachometers support diverse industries such as aviation, marine, mining, oil, and gas production.

Buy -

Seller(S) 1

SELLER

Pratt & Whitney Canada

Longueuil, Quebec, Canada
Category Company
Founded 1928
Sector Aerospace
DESCRIPTION

Pratt & Whitney Canada Corp. in aerospace, P&WC is shaping the future of aviation with dependable, high-technology engines.

DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-20 Altair Avionics

Norwood, Massachusetts, United States

Altair Avionics Corp. providing Internet-based data management services as well as the design, manufacture, marketing and support of aircraft and engine electronic monitoring systems for the aerospace industry.

Buy -
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