M&A Deal Summary

Precision Castparts Acquires Aerospace Dynamics International

On March 20, 2014, Precision Castparts acquired aerospace company Aerospace Dynamics International from The Marvin Group for 625M USD

Acquisition Highlights
  • This is Precision Castparts’ 13th transaction in the Aerospace sector.
  • This is Precision Castparts’ 5th largest (disclosed) transaction.
  • This is Precision Castparts’ 27th transaction in the United States.
  • This is Precision Castparts’ 14th transaction in California.

M&A Deal Summary
Date 2014-03-20
Target Aerospace Dynamics International
Sector Aerospace
Buyer(s) Precision Castparts
Sellers(s) The Marvin Group
Deal Type Divestiture
Deal Value 625M USD

Target

Aerospace Dynamics International

Valencia, California, United States
ADI is a suppliers in the aerospace industry, operating a wide range of high-speed machining centers. ADI has developed particular expertise in large complex components, hard metal machining, and critical assemblies. The company has strong positions across high growth commercial platforms, including a significant presence on the Airbus A350.

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Buyer(S) 1

Buyer

Precision Castparts

Portland, Oregon, United States
Category Company
Founded 1949
Sector Manufacturing
Employees29,900
Revenue 10.0B USD (2015)
DESCRIPTION

Precision Castparts is a manufacturer of complex metal components and products. It serves the aerospace, power, and general industrial markets. Precision Castparts was formed in 1953 and is headquartered in Portland, Oregon.

DEAL STATS #
Overall 29 of 31
Sector (Aerospace) 13 of 14
Type (Divestiture) 4 of 4
State (California) 14 of 14
Country (United States) 27 of 28
Year (2014) 1 of 1
Size (of disclosed) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-31 SOS Metals

Gardena, California, United States

SOS Metals, Inc. is a providing metal reclamation and supply chain solutions for customers in the aerospace and defense industry. SOS specializes in providing customized metal revert management programs for super alloys and aerospace grade nickel, titanium, stainless steel and aluminum for major aircraft engine manufacturers, leading airlines, aerospace OEMs and their first and second tier suppliers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-27 Noranco

Pickering, Ontario, Canada

Noranco is a diversified manufacturer and supplier of high quality metal parts and assemblies to the aerospace industry.

Buy $560M

Seller(S) 1

SELLER

The Marvin Group

Inglewood, California, United States
Category Company
Founded 1963
Sector Manufacturing
DESCRIPTION

The Marvin Group – a privately held business bringing together world class design, engineering and manufacturing capabilities proudly serving the aerospace and defense community.

DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
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