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Add-on Acquisition • Aerospace

Timken Acquires Aerospace Drive Systems

On September 17, 2007, Timken acquired aerospace company Aerospace Drive Systems for 200M USD

Acquisition Context
  • This is Timken’s 4th transaction in the Aerospace sector.
  • This is Timken’s 5th largest (disclosed) transaction.
  • This is Timken’s 7th transaction in the United States.
  • This is Timken’s 2nd transaction in Connecticut.
Investment Fate
  • Aerospace Drive Systems was divested to a consortium of strategic buyers in 2022.

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M&A Deal Summary
Date September 17, 2007
Target Aerospace Drive Systems
Sector Aerospace
Buyer(s) Timken
Deal Type Add-on Acquisition
Deal Value 200M USD

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

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 Buyer #
Overall 7 of 40
Sector: Aerospace 4 of 5
Type: Add-on Acquisition 7 of 35
State: Connecticut 2 of 3
Country: United States 7 of 28
Year: 2007 1 of 1
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-08 Latrobe Specialty Metals

Latrobe, Pennsylvania, United States

Latrobe Specialty Metals, Inc. is a producer and distributor of specialty steels and alloys. Latrobe Steel offers a comprehensive line of aerospace related specialty steels and alloys for technical niche applications, as well as high-speed, tool and die steels. Latrobe Specialty Metals was formed in 1913 and is based in Latrobe, Pennsylvania.

Sell $215M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-22 Boring Specialties

Houston, Texas, United States

Boring Specialties Inc. is a provider of a wide range of precision deep-hole oil and gas drilling and extraction products and services. Boring Specialties Inc. was formed in 1972 and is based in Houston, Texas.

Buy -

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