M&A Deal Summary

TransDigm Group Acquires DART Aerospace

On March 14, 2022, TransDigm Group acquired aerospace company DART Aerospace from Greenbriar Equity Group and First Aviation Services for 360M USD

Acquisition Highlights
  • This is TransDigm Group’s 18th transaction in the Aerospace sector.
  • This is TransDigm Group’s 10th largest (disclosed) transaction.
  • This is TransDigm Group’s 1st transaction in Canada.
  • This is TransDigm Group’s 1st transaction in Quebec.

M&A Deal Summary

Date 2022-03-14
Target DART Aerospace
Sector Aerospace
Buyer(s) TransDigm Group
Sellers(s) Greenbriar Equity Group
First Aviation Services
Deal Type Add-on Acquisition
Deal Value 360M USD

Target

DART Aerospace

Saint-Laurent, Quebec, Canada
DART Aerospace is a designer, manufacturer, and marketer of certified solutions for the helicopter and aerospace industry. DART offers a comprehensive portfolio of mission equipment and related services, replacement parts and tooling for civil and military operators, all major rotorcraft OEMs, completion centers and MR&O facilities. DART Aerospace was founded in 1975 and is based in Saint-Laurent, Quebec.

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Buyer(S) 1

Buyer

TransDigm Group

Cleveland, Ohio, United States

Category Company
Founded 1993
Sector Aerospace
Employees15,500
Revenue 6.6B USD (2023)
DESCRIPTION

TransDigm Group is a designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft platforms. TransDigm's major product lines include pumps, ignition system components, mechanical controls and actuators, engineered connectors, NiCad batteries and chargers, lavatory components and overhead bin latches. TransDigm Group was founded in 1983 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 28 of 30
Sector (Aerospace) 18 of 19
Type (Add-on Acquisition) 18 of 20
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 10 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-13 Technical Airborne Components

Milmort, Belgium

Technical Airborne Components designs and manufactures rods and struts for the aerospace industry. TAC is recognized worldwide as the reference source for high-quality, custom-engineered control, structural and system rods. Its expertise in design, development, and manufacturing of metallic & composite struts and rods is complemented by related machined parts (e.g. cranks, brackets), special tubular links, telescopic rods, torque shafts, and special rod ends. Technical Airborne Components was founded in 1981 and is based in Milmort, Belgium.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-14 Calspan

Buffalo, New York, United States

Calspan is an independent provider of highly engineered testing and technology development services and systems primarily for the aerospace & defense industry. The Company operates from seven primary facilities across the states of New York, Virginia, Minnesota, and California. Calspan was founded in 1943 and is based in Buffalo, New York.

Buy -

Seller(S) 2

SELLER

Greenbriar Equity Group

Rye, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Greenbriar Equity Group is a specialized private equity firm focused on investing in the global transportation and advanced manufacturing industries. Companies of interest include traditional carriers, such as railroads, cruise lines, airlines, air freight, shipping, and trucking, as well as ancillary manufacturers and service companies that support the transportation industry. Greenbriar will consider making majority as well as minority investments through a variety of structures, including leveraged buyouts, recapitalizations, growth capital investments, corporate joint ventures and privatizations. The Firm targets businesses valued from $100 million to $1 billion. Greenbriar Equity was formed in 1999 and is based in Rye, New York.


DEAL STATS #
Overall 24 of 25
Sector (Aerospace) 4 of 5
Type (Add-on Acquisition) 12 of 12
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2022) 2 of 2
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-24 JEGS

Delaware, Ohio, United States

JEGS is a national automotive aftermarket retailer and distributor of high-performance parts and accessories. Its products and services are made available to its enthusiast customers through its online website and its fulfillment centers. JEGS was formed in 1960 and is based in Delaware, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-04 Radwell

Willingboro, New Jersey, United States

Radwell is a distributor of new, surplus, and reconditioned industrial automation and electronic control equipment for plant floor and facilities maintenance machinery. The company also has full component-level repair capabilities, offering comprehensive solutions for all products across the full industrial automation equipment lifecycle. Radwell stocks and sells over 18 million new and refurbished surplus industrial parts such as programmable logic controllers, data control systems, integrated circuits, timers, servo motors, and much more. Radwell is headquartered in Willingboro, New Jersey.

Buy -
SELLER

First Aviation Services

Westport, Connecticut, United States

Category Company
Founded 1995
Sector Aerospace
DESCRIPTION

First Aviation Services is a provider of repair and overhaul, rotables management and related engineering services to the aviation industry worldwide. First Aviation Services was founded in 1995 and is based in Westport, Connecticut.


DEAL STATS #
Overall 3 of 3
Sector (Aerospace) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-11 DART Aerospace

Saint-Laurent, Quebec, Canada

DART Aerospace is a designer, manufacturer, and marketer of certified solutions for the helicopter and aerospace industry. DART offers a comprehensive portfolio of mission equipment and related services, replacement parts and tooling for civil and military operators, all major rotorcraft OEMs, completion centers and MR&O facilities. DART Aerospace was founded in 1975 and is based in Saint-Laurent, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-22 AAMSI

Fort Lauderdale, Florida, United States

AAMSI manufactures a variety of aircraft parts and provides repair and overhaul services for aircraft electronics, avionics, hydraulic and landing gear components. AAMSI was founded in 1953 and is based in Fort Lauderdale, Florida.

Buy -