TransDigm Group Incorporated (NYSE: TDG) announced a definitive agreement to acquire Prince & Izant, a manufacturer of highly engineered brazing alloys and specialty metal components, for approximately $1.066 billion in cash. Prince & Izant primarily serves the aerospace and defense markets, with a majority of its revenue derived from the aftermarket.
Key Details
- Acquisition Price: Approximately $1.066 billion in cash, which includes certain tax benefits.
- Target Company: Prince & Izant is expected to generate approximately $360 million in revenue for the calendar year ending December 31, 2026.
- Strategic Rationale: Prince & Izant's portfolio of highly proprietary, custom products for aerospace and defense aligns with TransDigm's acquisition criteria. The transaction is subject to regulatory approvals and customary closing conditions.