TransDigm Group (TDG) Acquires Raptor Scientific

TransDigm Group Incorporated (NYSE: TDG), today announced it has entered into a definitive agreement to acquire Raptor Labs Holdco, LLC ("Raptor Scientific" or "the Company"), a portfolio company of L Squared Capital Partners, for approximately $655 million in cash, including certain tax benefits.

Raptor Scientific is a leading global manufacturer of complex test and measurement solutions primarily serving the aerospace and defense end markets. The Company's products are highly engineered, proprietary components with significant aftermarket content and a strong presence across major aerospace and defense platforms. Nearly all of Raptor Scientific's revenue is generated from proprietary products. The Company is expected to generate approximately $90 million in revenue for the calendar year ending December 31, 2024. The Company employs approximately 170 people and has manufacturing locations in Livermore, CA; Woodland Hills, CA; Berlin, CT; Huntsville, AL; and Peterborough, NH.

Kevin Stein, TransDigm's President and Chief Executive Officer, stated, "We are excited about the acquisition of Raptor Scientific. The Company's comprehensive proprietary and highly engineered product portfolio of aerospace and defense testing and instrumentation solutions fits well with our value generation strategy. Raptor Scientific's test and measurement solutions are used on a diverse range of new and existing aircraft platforms, and the Company has an outstanding reputation with its customers. As with all TransDigm acquisitions, we expect this acquisition to create equity value in-line with our long-term private equity-like return objectives."

The acquisition is subject to regulatory approvals in the United States and customary closing conditions. The acquisition is expected to be financed through existing cash on hand.

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