M&A Deal Summary

Timken Acquires Turbo Engines

On December 1, 2006, Timken acquired aerospace company Turbo Engines

Acquisition Highlights
  • This is Timken’s 3rd transaction in the Aerospace sector.
  • This is Timken’s 6th transaction in the United States.
  • This is Timken’s 2nd transaction in Arizona.

M&A Deal Summary
Date 2006-12-01
Target Turbo Engines
Sector Aerospace
Buyer(s) Timken
Deal Type Add-on Acquisition

Target

Turbo Engines

Tucson, Arizona, United States
Turbo Engines, Inc. is a provider of aircraft engine overhaul and repair services. Turbo Engines has earned a strong industry reputation for expert repair, overhaul and support services for a wide variety of aircraft engines, components and helicopter transmissions.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Timken

North Canton, Ohio, United States
Category Company
Founded 1899
Sector Machinery
Employees19,000
Revenue 4.8B USD (2023)
DESCRIPTION
Entrance to Timken's corporate headquarters in North Canton, Ohio.
Entrance to 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 STATS #
Overall 6 of 40
Sector (Aerospace) 3 of 5
Type (Add-on Acquisition) 6 of 35
State (Arizona) 2 of 3
Country (United States) 6 of 28
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-06 Bearing Inspection

Los Alamitos, California, United States

Bearing Inspection, Inc. is a provider of aerospace bearing inspection and reconditioning services. The company has offered a variety of other programs, including inventory management, reject replacement, on-site inspection services, engine-kit programs and a number of specialized engineering services.

Buy -
FOLLOWING 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
Mergr

Product

Company

Legal