TransDigm announces acquisition of Stellant Systems for $960M in cash

TransDigm (TDG) Group announced it has entered into a definitive agreement to acquire Stellant Systems, a portfolio company of Arlington Capital Partners, for approximately $960 million in cash, including certain tax benefits. Mike Lisman, TransDigm’s Chief Executive Officer, stated, “We are excited to have an agreement to acquire Stellant. The Company’s highly engineered, proprietary products generate significant aftermarket revenue and fit well with our long-standing business strategy. The Company has established positions across a diverse range of both commercial and defense platforms, adding new products and services to TransDigm’s portfolio. As with all TransDigm acquisitions, we expect this acquisition to create equity value in-line with our long-term private equity-like return objectives.”