Home / M&A Activity / TransDigm to Buy Aerospace & Defense Services Firm Extant for $525M

TransDigm to Buy Aerospace & Defense Services Firm Extant for $525M

TransDigm Group (NYSE: TDG) has agreed to purchase Melbourne, Florida-based Extant Components Group Holdings from investment firm Warburg Pincus for approximately $525 million.

Cleveland-based TransDigm said Monday it plans to finance the deal with cash on hand and funds under a revolving credit facility.

Extant offers aftermarket-focused electronics, avionics and electromechanical products to the aerospace and defense sectors.

The company has estimated it will generate $85 million in revenue for its fiscal year ending September 2018 and that the majority of its full-year aftermarket business revenue will come from the military end market.

TransDigm is designs and produces components for military and aircraft platforms.

Check Also

Leidos Awarded $73M Navy IDIQ to Develop Acoustic Surveillance Tech

Leidos (NYSE: LDOS) has been awarded a three-year, $72.8M contract to help the U.S. Navy build a wide area surveillance technology to support antisubmarine warfare missions. The company will develop the Transformational Reliable Acoustic Path System for the Navy's Maritime Surveillance Systems Program Office, the Department of Defense said Friday.

Oshkosh Gets Green Light for Army JLTV Full-Rate Production

Oshkosh (NYSE: OSK) obtained approval Thursday to begin the full-rate production of Joint Light Tactical Vehicles, nearly four years after the company won a $6.7B contract to build the new armored vehicle platform for the U.S. Army and Marine Corps.