TransDigm Group

TransDigm Group
TransDigm Group Incorporated
Type Public
Traded as NYSE: TDG
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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