M&A Deal Summary

Platinum Equity Acquires Heroux-Devtek

On February 12, 2025, private equity firm Platinum Equity acquired aerospace company Heroux-Devtek

Acquisition Highlights
  • This is Platinum Equity’s 3rd transaction in the Aerospace sector.
  • This is Platinum Equity’s 4th transaction in Canada.
  • This is Platinum Equity’s 1st transaction in Quebec.

M&A Deal Summary

Date 2025-02-12
Target Heroux-Devtek
Sector Aerospace
Buyer(s) Platinum Equity
Deal Type Going Private

Target

Heroux-Devtek

Longueuil, Quebec, Canada
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. 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.

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Buyer(S) 1

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


DEAL STATS #
Overall 152 of 152
Sector (Aerospace) 3 of 3
Type (Going Private) 12 of 12
State (Quebec) 1 of 1
Country (Canada) 4 of 4
Year (2025) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-04 Livingston International

Toronto, Ontario, Canada

Livingston International focuses on customs brokerage and trade compliance, offering international trade consulting, global trade management, and freight forwarding. Livingston International was founded in 1945 and is based in Toronto, Ontario.

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