M&A Deal Summary

TransDigm Group Acquires Skandia

On July 13, 2018, TransDigm Group acquired aerospace company Skandia from Brookside Capital Partners and Graycliff Partners for 84M USD

Acquisition Highlights
  • This is TransDigm Group’s 16th transaction in the Aerospace sector.
  • This is TransDigm Group’s 15th largest (disclosed) transaction.
  • This is TransDigm Group’s 20th transaction in the United States.
  • This is TransDigm Group’s 1st transaction in Illinois.

M&A Deal Summary

Date 2018-07-13
Target Skandia
Sector Aerospace
Buyer(s) TransDigm Group
Sellers(s) Brookside Capital Partners
Graycliff Partners
Deal Type Add-on Acquisition
Deal Value 84M USD
Advisor(s) Houlihan Lokey (Financial)

Target

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.

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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 25 of 30
Sector (Aerospace) 16 of 19
Type (Add-on Acquisition) 15 of 20
State (Illinois) 1 of 1
Country (United States) 20 of 23
Year (2018) 3 of 4
Size (of disclosed) 15 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-19 Extant Components Group Holdings

Melbourne, Florida, United States

Extant Components Group Holdings, Inc. is an aerospace company specializing in the engineering, manufacturing, supply, repair and overhaul of aftermarket components utilized on military and commercial aircraft. Extant Components was founded in 2010 and is based in Melbourne, Florida.

Buy $525M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-10 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.

Buy $4.0B

Seller(S) 2

SELLER

Brookside Capital Partners

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Brookside Capital Partners is an investment management firm focused on stable lower-middle market companies in the US. The Firm typically commits $5 to $30 million per transaction to support buyouts, leveraged recapitalizations, strategic acquisitions and growth. Potential businesses generally have revenue greater than $15 million, and EBITDA of at least $4 million. Industries of interest include business services, consumer, distribution, healthcare, manufacturing, and transportation and logistics. Brookside Capital Partners was established in 2001 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 4 of 24
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 1 of 6
State (Illinois) 1 of 2
Country (United States) 4 of 24
Year (2018) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 Fabian Couture Group

Lyndhurst, New Jersey, United States

Fabian Couture Group is a designer and wholesaler of men’s formalwear, uniforms, and accessories for the rental, retail, and hospitality markets in the United States and Canada. Fabian’s core business focuses on the design of formalwear products including tuxedos, jackets, pants, shirts, and accessories. Fabian also offers a line of uniform products that serve the restaurant, hospitality, and other industries that include jackets, blazers, trousers, vests, shirts, and accessories. Fabian Couture Group was founded in 1981 and is based in Lyndhurst, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Driven Performance Brands

Santa Rosa, California, United States

Driven Performance Brands is a manufacturer of automotive aftermarket products. The Company was founded in 1953 and is based in Santa Rosa, California.

Sell -
SELLER

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.


DEAL STATS #
Overall 14 of 36
Sector (Aerospace) 2 of 2
Type (Add-on Acquisition) 7 of 18
State (Illinois) 2 of 3
Country (United States) 12 of 33
Year (2018) 2 of 3
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-25 Worldwide Electric

Rochester, New York, United States

WorldWide Electric designs, engineers, and distributes company-branded as well as third party-branded electric motors, motor controls, and gear reducers and has developed a highly proficient sales & marketing team, strong engineering, and product development capabilities. The company sells to a diversified customer base of over 4,000 integrators, OEMs, and distributors serving a wide array of industrial end-markets. WorldWide Electric was founded in 1998 and is based in Rochester, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-06 Voice Comm

Pennsauken, New Jersey, United States

VoiceComm is a provider of supply chain management solutions for mobile device accessories to wireless retailers. VoiceComm is based in Pennsauken, New Jersey.

Buy -