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Divestiture • Aerospace

PCX Aerostructures Acquires Aerospace Drive Systems

On November 7, 2022, PCX Aerostructures acquired aerospace company Aerospace Drive Systems from Timken

Acquisition Context
  • This is PCX Aerostructures’ 4th transaction in the Aerospace sector.
  • This is PCX Aerostructures’ 4th transaction in the United States.
  • This is PCX Aerostructures’ 2nd transaction in Connecticut.

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M&A Deal Summary
Date November 7, 2022
Target Aerospace Drive Systems
Sector Aerospace
Buyer(s) PCX Aerostructures
Sellers(s) Timken
Deal Type Divestiture

Target Company

Aerospace Drive Systems

Manchester, Connecticut, United States
Aerospace Drives Systems (ADS) is a provider of complex, Flight Critical assemblies, sub-assemblies, and components for military and civil aircraft. ADS is vertically integrated with full capabilities in metrology, NADCAP heat treat and NDT, milling, turning, grinding, gear grind, assembly, full gearbox testing, and overhaul and repair. Aerospace Drives Systems was formed in 1946 and is based in Manchester, Connecticut.
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Buyer Overview 1

Buyer

PCX Aerostructures

Newington, Connecticut, United States
Category Company
Founded 1900
Sector Aerospace
DESCRIPTION

PCX Aerostructures is a manufacturer of flight-critical and other essential components for rotorcraft and fixed-wing aerospace platforms serving military and commercial markets. PCX Aerostructures is based in Newington, Connecticut.

Deal Context for Buyer #
Overall 4 of 4
Sector: Aerospace 4 of 4
Type: Divestiture 2 of 2
State: Connecticut 2 of 2
Country: United States 4 of 4
Year: 2022 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-07 Pacific Contours

Anaheim, California, United States

Pacific Contours is specialized components and assemblies to the aerospace industry. Pacific Contours was founded in 1997 and is based in Anaheim, California.

Buy -

Seller Profile 1

SELLER

Timken

North Canton, Ohio, United States
Category Company
Founded 1899
Sector Machinery
Employees19,000
Revenue 4.6B USD (2024)
DESCRIPTION
Timken's corporate headquarters in North Canton, Ohio.
Timken's corporate headquarters in North Canton, Ohio.

Timken designs, engineers, manufactures and markets Timken bearings, transmissions, gearboxes, chain and related products, and offers a spectrum of power system rebuild and repair services around the world. Timken was founded in 1899 and is based in North Canton, Ohio.

Deal Context for Seller #
Overall 5 of 6
Sector: Aerospace 2 of 2
Type: Divestiture 3 of 4
State: Connecticut 1 of 1
Country: United States 4 of 4
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-06 GGB

Suzhou, China

GGB is a technology and market provider of premium engineered metal-polymer plain bearings with expertise in material science, surface engineering, and tribology. With manufacturing facilities across the United States, Europe, and China. GGB was founded in 1899 and is based in Suzhou, China.

Buy $305M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-30 Nadella

Milan, Italy

Nadella is a producer of linear guides and rollers for industrial motion applications. Nadella was founded in 1963 and is based in Milan, Italy.

Buy -

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