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Transdigm Group Incorporated (TDG)

  • Today, 8:37 AM
    • Following its Telair Cargo purchase last week, TransDigm (NYSE:TDG) announces that is has acquired the aerospace division of Franke Aquarotter for approximately $75M.
    • Going forward, the business' name will be Adams Rite Aerospace.
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  • Thu, Mar. 26, 10:54 AM
    • TransDigm (TDG -0.2%) has completed its purchase of the Telair Cargo Group, an aerospace cargo handling business, from AAR (AIR), for ~$725M in cash.
    • The company financed the acquisition through a combination of existing cash on hand and borrowing of $75M under its existing revolving credit facility.
    • Previously: TransDigm to acquire Telair Cargo Group (Feb. 23 2015)
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  • Mon, Feb. 23, 8:40 AM
    • TransDigm (NYSE:TDG) has agreed to purchase the Telair Cargo Group, an aerospace cargo handling business, from AAR (NYSE:AIR), for approximately $725M in cash.
    • For the fiscal year ending May 2015, Telair revenues are anticipated to be about $300M with EBITDA margins approaching 20%.
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  • Dec. 6, 2012, 5:20 PM
    United Technologies (UTX) terminates its agreement to sell its pump and engine control systems business to TransDigm (TDG), citing DoJ objections to the transaction. Sale of the pump and engine control systems unit is one of the divestitures required as a condition of UTX's acquisition of Goodrich Corporation. UTX intends to comply with its obligation to sell the business to a buyer acceptable to the DoJ and European Commission. Any proposed transaction continues to be subject to regulatory approvals in the U.S. and other jurisdictions.
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  • Oct. 25, 2012, 3:55 PM
    Transdigm Group (TDG +2.5%) agrees to acquire Goodrich's pump and engine control systems business from United Technologies (UTX -0.7%) for ~$236M. The business expects ~$195M in 2012 revenues with EBITDA in the low teens as a percent of revenue.
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  • Jan. 23, 2012, 6:43 AM
    TransDigm (TDG) acquires privately-held AmSafe Global Holdings for $750M from a group under the control of Berkshire Partners LLC and Greenbriar Equity Group LLC. The firm says that it expects to realize substantial tax benefits in 2012 and beyond as a result of the transaction.
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  • Nov. 8, 2011, 2:45 PM
    TransDigm Group (TDG +3.5%) acquires privately-held aircraft components manufacturer Harco Laboratories for approximately $84M in cash. The purchase, subject to review under the Hart-Scott-Rodino Act and other customary closing conditions, is expected to close late in the first quarter of fiscal 2012.
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Company Description
TransDigm Group Inc is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company's business segments arePower& Control, Airframe and Non-aviation.