Cleveland, Ohio – TransDigm Group Inc. has entered into a definitive agreement to acquire Young & Franklin Inc. and its subsidiaries, including Tactair Fluid Controls Inc. Tactair specializes in systems for wheel brake control, landing gear control, nose wheel steering control, flight control, and engine/nacelle control.
Y&F manufactures proprietary, highly engineered valves and actuators. Revenues are anticipated to be about $75 million for the fiscal year ending December 2016 with aftermarket comprising approximately 70% of the revenue. Nearly 100% of the revenues are from proprietary products and about 70% of the revenue is aerospace related. The balance is sold to the industrial gas turbine market. The company is located in Liverpool, New York.
Major platforms include Embraer's E2, Phenom 300, and Legacy 450/500 programs; Bombardier's Challenger and Global programs; Mitsubishi MRJ; Lockheed C130J; Bell UH1; and various GE, Solar, and other industrial turbine applications.
W. Nicholas Howley, chairman, president, and CEO of TransDigm, stated, "Both Tactair and Young & Franklin are long standing manufacturers of proprietary products with established positions, strong aftermarket content, and an outstanding reputation based on product excellence. The highly engineered products will allow us to expand our content on a number of substantial platforms. The company fits well with our consistent product and acquisition strategy. As with all TransDigm acquisitions, we see opportunities for significant value creation."
The acquisition, subject to regulatory approvals and other customary closing conditions, is expected to close in the fourth quarter of fiscal 2016.
Source: TransDigm Group Inc.
Y&F manufactures proprietary, highly engineered valves and actuators. Revenues are anticipated to be about $75 million for the fiscal year ending December 2016 with aftermarket comprising approximately 70% of the revenue. Nearly 100% of the revenues are from proprietary products and about 70% of the revenue is aerospace related. The balance is sold to the industrial gas turbine market. The company is located in Liverpool, New York.
Major platforms include Embraer's E2, Phenom 300, and Legacy 450/500 programs; Bombardier's Challenger and Global programs; Mitsubishi MRJ; Lockheed C130J; Bell UH1; and various GE, Solar, and other industrial turbine applications.
W. Nicholas Howley, chairman, president, and CEO of TransDigm, stated, "Both Tactair and Young & Franklin are long standing manufacturers of proprietary products with established positions, strong aftermarket content, and an outstanding reputation based on product excellence. The highly engineered products will allow us to expand our content on a number of substantial platforms. The company fits well with our consistent product and acquisition strategy. As with all TransDigm acquisitions, we see opportunities for significant value creation."
The acquisition, subject to regulatory approvals and other customary closing conditions, is expected to close in the fourth quarter of fiscal 2016.
Source: TransDigm Group Inc.
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