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  6. Richardson Capital Exits Mechtronix Systems

Investment Summary

Richardson Capital Exits Mechtronix Systems

On November 22, 2013, Textron invested in aerospace company Mechtronix Systems from Richardson Capital

Investment Highlights
  • This is Textron’s 5th transaction in the Aerospace sector.
  • This is Textron’s 1st transaction in Canada.
  • This is Textron’s 1st transaction in Quebec.

Investment Summary
Date 2013-11-22
Target Mechtronix Systems
Sector Aerospace
Investor(s) Textron
Sellers(s) Richardson Capital
Deal Type Add-on Acquisition

Target

Mechtronix Systems

St. Laurent, Quebec, Canada
Mechtronix Systems Inc. is a designer, manufacturer and seller a full range of pilot training equipment including full flight simulators, full flight trainers and flight training devices for the commercial aviation industry. Through innovative design and engineering Mechtronix has developed, built and certified training devices that meet the most stringent global standards for fidelity of simulation while delivering a step change in capital and operating costs. Mechtronix also actively provides services for both commercial and general aviation including support for customers to set-up their own tailor-made training solution at home.

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Investor(S) 1

Investor

Textron

Providence, Rhode Island, United States
Category Company
Founded 1923
Sector Diversified
Employees34,000
Revenue 13.7B USD (2024)
DESCRIPTION
Textron's corporate headquarters in downtown Providence, Rhode Island.
Textron's corporate headquarters in downtown Providence, Rhode Island.

Textron is a multi-industry company that leverages a global network of aircraft, defense, industrial and finance businesses to provide customers with products and services around the world. Textron was founded in 1923 and is based in Providence, Rhode Island.

DEAL STATS #
Overall 43 of 48
Sector: Aerospace M&A 5 of 7
Type: Add-on Acquisition M&A Deals 35 of 39
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2013 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-22 OPINICUS

Lutz, Florida, United States

OPINICUS Corporation specializes in advanced full flight simulation technologies. OPINICUS' comprehensive experience in design, development, installation and maintenance of full flight simulators enable the company to respond to all levels of technical requirements and challenges for both rotary- and fixed-wing simulation. OPINICUS’ solutions include hardware, software, systems and programs, along with comprehensive experience in design, development, installation, integration.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-26 Beechcraft

Wichita, Kansas, United States

Beechcraft Corporation is a manufacturer of business, special mission, light attack and trainer aircraft. Beechcraft supports its installed base of Hawker business jets, King Air turboprops and Beechcraft airplanes with an extensive global network of company-owned and authorized service centers. Beechcraft is based in Wichita, Kansas.

Buy $1.4B

Seller(S) 1

SELLER

Richardson Capital

Winnipeg, Manitoba, Canada
Category Private Equity Firm
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Richardson Capital is the private equity division of the Richardson Financial Group. Richardson primarily seeks investment situations requiring expansion capital to fund growth initiatives, or transition capital needs where family-owners or entrepreneurs are looking to exit. The Firm's target investment size is C$10 to C$75 million. Richardson will consider opportunities in the US, but has a preference for Canadian companies. Richardson does not have any industry preferences. Richardson does not invest in real estate or start-ups. Richardson is based in Winnipeg with additional offices in Montreal and Toronto.

DEAL STATS #
Overall 8 of 8
Sector: Aerospace M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Quebec M&A 1 of 1
Country: Canada M&A 8 of 8
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-18 Ocean Nutrition Canada

Dartmouth, Nova Scotia, Canada

Ocean Nutrition Canada is a Canada-based supplier of fish-oil derived Omega-3 fatty acids (EPA and DHA) to the dietary supplement and food and beverage markets.

Sell CA$540M
Mergr

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