M&A Deal Summary

Textron Acquires Beechcraft

On December 26, 2013, Textron acquired aerospace company Beechcraft for 1.4B USD

Acquisition Highlights
  • This is Textron’s 6th transaction in the Aerospace sector.
  • This is Textron’s largest (disclosed) transaction.
  • This is Textron’s 27th transaction in the United States.
  • This is Textron’s 2nd transaction in Kansas.

M&A Deal Summary

Date 2013-12-26
Target Beechcraft
Sector Aerospace
Buyer(s) Textron
Deal Type Special Situations/Distressed
Deal Value 1.4B USD

Target

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.

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Buyer(S) 1

Buyer

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 44 of 48
Sector: Aerospace M&A 6 of 7
Type: Special Situations/Distressed M&A Deals 1 of 1
State: Kansas M&A 2 of 2
Country: United States M&A 27 of 30
Year: 2013 M&A 3 of 3
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-22 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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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-02 ProFlight

Carlsbad, California, United States

ProFlight is an FAA-approved Part 142 training center specializing in Cessna Citation CJ Series training, Cessna Conquest Series training, and offers an innovative continuous currency program that provides pilots greater training flexibility and year-round proficiency. Founded in 1988 by professional pilot instructors who saw a need for high-quality flight training at a lower cost, ProFlight has trained thousands of pilots and continues to grow as its innovative training model appeals to a broad range of pilots - from owner operators to corporate aviation departments. ProFlight will continue to operate from its Carlsbad facility.

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