Author: Ramona Adams|| Date Published: March 20, 2018
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.
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TransDigm Group (NYSE: TDG) has agreed to purchase Melbourne, Florida-based Extant Components Group Holdings from investment firm Warburg Pincus for approximately $525 million.
