M&A Deal Summary

TransDigm Group Acquires Esterline Technologies

On October 10, 2018, TransDigm Group acquired aerospace company Esterline Technologies for 4.0B USD

Acquisition Highlights
  • This is TransDigm Group’s 17th transaction in the Aerospace sector.
  • This is TransDigm Group’s largest (disclosed) transaction.
  • This is TransDigm Group’s 21st transaction in the United States.
  • This is TransDigm Group’s 1st transaction in Washington.

M&A Deal Summary

Date 2018-10-10
Target Esterline Technologies
Sector Aerospace
Buyer(s) TransDigm Group
Deal Type Add-on Acquisition
Deal Value 4.0B USD
Advisor(s) Goldman Sachs (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Esterline Technologies

Bellevue, Washington, United States
Esterline Technologies Corp. is a specialized manufacturing company serving principally aerospace and defense markets. Esterline management views the company’s businesses in three segments related to its set of core competencies: Avionics & Controls, Sensors & Systems, and Advanced Materials.

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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 26 of 30
Sector (Aerospace) 17 of 19
Type (Add-on Acquisition) 16 of 20
State (Washington) 1 of 1
Country (United States) 21 of 23
Year (2018) 4 of 4
Size (of disclosed) 1 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-13 Skandia

Davis Junction, Illinois, United States

Skandia, Inc. is an aircraft interiors specialist providing innovative product and expert services to the aviation industry. Skandia was founded in 1983 and is based in Davis Junction, Illinois.

Buy $84M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-22 Souriau-Sunbank Connection Technologies

Versailles, Pennsylvania, France

Souriau SAS is a provider in connector solutions for industrial, military aeronautics and aerospace applications. The company makes a wide range of interconnection systems for severe environments (high pressure, extreme temperature, marine environments, exposure to electromagnetic or nuclear radiation, etc.)

Sell $920M