TransDigm Acquires Prince & Izant for $1.07 Billion
TransDigm Group (NYSE: TDG) has agreed to acquire Prince & Izant, a portfolio company of Industrial Growth Partners, in an all-cash deal valued at approximately $1.066 billion. The transaction includes certain tax benefits and is subject to regulatory approvals in the United States as well as customary closing conditions. Prince & Izant specializes in manufacturing high-performance components for aerospace applications, aligning with TransDigm’s strategy of acquiring niche industrial businesses that serve critical markets like defense and aviation. This acquisition expands TransDigm's product portfolio and strengthens its position within the aerospace sector by adding specialized capabilities.
Tickers: $TDG
Topics: defense_industry M&A