TransDigm Group acquires Skandia, Inc.

TransDigm Group acquired Skandia, Inc. for approximately $84 million (including assumed debt), a transaction completed in July 2018, structured as all cash.

Skandia, Inc. operates in Airframe, is based in Davis Junction, Illinois, had revenue of about approximately $26 million. Davis Junction, Illinois-based provider of highly engineered seating foam, foam fabrication, flammability testing and acoustic solutions for the business jet market, acquired from Graycliff Partners LP. Annual revenue about $26 million; about 70 employees; about 85% of revenue from business jets. Products are primarily proprietary/sole source with over 50% aftermarket content; present on Bombardier, Cessna, Dassault, Embraer and Gulfstream platforms.

Skandia's proprietary, sole source products, with established positions on nearly all business jet platforms and strong aftermarket content, fit well with TransDigm's consistent product and acquisition strategy.

Primarily proprietary/sole source on nearly all business-jet platforms; strong aftermarket

Skandia is a long standing supplier of proprietary, sole source products with established positions on nearly all business jet platforms, strong aftermarket content and an outstanding reputation with its customers. Skandia fits well with our consistent product and acquisition strategy.W. Nicholas Howley, Executive Chairman, TransDigm Group

Advisory firms were not disclosed for this transaction.

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