TransDigm Group

TransDigm Group
TransDigm Group Incorporated
Type Public
Traded as NYSETDG
Industry Manufacturing, Aerospace
Predecessor TransDigm Incorporated
Founded 1993
Founder(s) Douglas W. Peacock, Chairman of the Board
Headquarters Cleveland, Ohio, United States
Key people W. Nicholas Howley, Chief Executive Officer;

Raymond F. Laubenthal, President and Chief Operating Officer;

Gregory Rufus, Chief Financial Officer;

James Riley, Executive Vice President;

Robert S. Henderson, Executive Vice President
Products Aerospace components
Revenue $0.8B (USD)
Employees 2400 (FY 2010)
Divisions
Subsidiaries 15
Website www.transdigm.com

TransDigm Group Incorporated develops, distributes and manufactures commercial and military aerospace components such as mechanical actuators and ignition systems.[1]

Contents

History

Beginnings

Transdigm Incoprorated was established in 1993 by W. Nicholas Howley and Douglas W. Peacock[2] after acquiring Adel Fasteners, Aero Products Component Services, Controlex Corporation and Wiggins Connectors from IMO Industries.[3]

Four years later, in 1997, the company purchased Marathon Power Technologies. [4]

Acquisition of Transdigm Incoprorated by Odyssey Investment Partners

The next year, Transdigm Incoprorated was acquired by Odyssey Investment Partners.[5]

Then, during the final two years of the century, the company added to its list of acquisitions with Adams Rite Aerospace and Christie Electric.[6]

In May 2001, Transdigm Incorporated procured Champion Aviation Products, a supplier of igniters, spark plugs and oil filters from Federal-Mogul Corporation for approximately $160 million.[7] It was at this time that Nicholas Howley took over the position of Chief Executive Officer from Douglas Peacock as Peacock transferred into his role as Chairman of the Board.[8]

Formation of Transdigm Group Incoprorated

In 2003, Transdigm Group Incorporated was formed by Warburg Pincus Private Equity VIII to acquire Transdigm Incorporated.[9] This transaction materialized shortly after TransTechnology Corporation sold Norco, Inc. to Marathon Power Technologies.[10]

Then, in 2004, Transdigm Group procured Avionic Instruments of Avenel, New Jersey, a supplier of specialized power conversion devices for aerospace products.[11]

The following year, Transdigm Group purchased Skurka Engineering of Camarillo, California, a manufacturer and distributor of electromagnetic equipment[12] as well as the Fluid Regulators division of Esterline Technologies, who manufactures flight control valves and pressure valves.[13]

In June 2006, the company then procured both Sweeney Engineering and Electra-Motion Industries for a grand total of $27 million, along with CDA InterCorp in October of that year for an additional $45 million.[14][15] Three months later, Aviation Technologies, a producer of avionics and instruments, became a part of the TransDigm family followed by Bruce Industries, a producer of fluorescent aircraft lighting, in August 2007.[16][17] [18]

Acme Aerospace

References

  1. ^ "TransDigm Group Inc" Bloomberg Businessweek
  2. ^ "TransDigm TransDigm Announces Chief Executive Officer Transition" Odyssey Investment Partners, Obtained February 18, 2011
  3. ^ "Adel Wiggins" AdelWiggins Group, Obtained February 13, 2011
  4. ^ "TransDigm Announces the Acquisition of Aerospace Motor Product Line From Eaton Corporation" PR Newswire Association, Obtained February 18, 2011
  5. ^ "Transdigm Acquired By Warburg Pincus In A Leveraged Buy-Out From Odyssey Investment Partners" Odyssey Investment Partners, Obtained February 13, 2011
  6. ^ "TransDigm Announces the Acquisition of Aerospace Motor Product Line From Eaton Corporation" PR Newswire Association, Obtained February 18, 2011
  7. ^ "TransDigm, Inc. Completes Acquisition of Champion Aviation Products From Federal Mogul Corporation" Odyssey Investment Partners, Obtained February 14, 2011
  8. ^ "TransDigm TransDigm Announces Chief Executive Officer Transition" Odyssey Investment Partners, Obtained February 18, 2011
  9. ^ "Transdigm Acquired By Warburg Pincus In A Leveraged Buy-Out From Odyssey Investment Partners" Odyssey Investment Partners, Obtained February 18, 2011
  10. ^ "TransTechnology Completes Sale of Norco Inc. Subsidiary" PR Newswire Association, Obtained February 18, 2011
  11. ^ "TransDigm Completes Acquisition of Avionics Instruments" PR Newswire Association, Obtained February 19, 2011
  12. ^ "TransDigm Acquires Skurka Engineering" Defense Daily, Obtained February 23, 2011
  13. ^ "TransDigm Acquires Fluid Regulators Business From Esterline" Defense Daily, Obtained February 24, 2011
  14. ^ "TransDigm goes into the red" Crain Communications, Obtained March 17, 2011
  15. ^ "TransDigm buys components maker in $45M deal" Crain Communications, Obtained May 14, 2011
  16. ^ "TransDigm Buys Aviation Technologies" Aviation Today, Obtained May 17, 2011
  17. ^ "TransDigm Acquisitions" Avionics Magazine, Obtained May 26, 2011
  18. ^ "TransDigm Group Inc Mergers and Acquisitions" Alacra, Inc., Obtained May 14, 2011

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