TransDigm Group acquires Dart Aerospace after Paravion deal

Engineered aircraft components specialist TransDigm Group is to acquire Dart Aerospace for about $360m in cash. The purchase follows Dart’s acquisition earlier this month of Paravion Technology and Century Helicopters.

Based in Montreal, Quebec, Dart provides helicopter mission equipment solutions mainly for civilian aircraft. The company is expected to generate about $100m in pro forma revenues this year. About 80% of Dart’s revenues are generated in the aftermarket. The company employs about 400 people and operates from four main facilities: in Hawkesbury, Ontario; Portland, Oregon; Fort Collins, Colorado and Chihuahua, Mexico.

Kevin Stein, TransDigm’s president and CEO said: “Dart is an industry leader in helicopter mission equipment and its unique helicopter solutions fit well with our proprietary and aftermarket-focused value generation strategy.” Stein added: “As with all TransDigm acquisitions, we expect the Dart acquisition to create equity value in-line with our long-term private equity-like return objectives.”

The deal is expected to close during the second quarter of 2022, subject to regulatory approvals.

Meanwhile, Dart Aerospace announced on March 3rd 2022 the acquisition of aircraft equipment manufacturer Paravion Technology and its maintenance, repair and overhaul (MRO) business Century Helicopters.

Paravion, based in Fort Collins Colorado, designs, manufactures and sells aftermarket accessories and OEM equipment for a wide range of helicopters and fixed-wing aircraft. Speaking at the time, Alain Madore, Dart’s president and CEO said: “Paravion’s diverse quality product offering, when paired with Dart’s powerful global marketing strength, open incredible opportunities to boost Paravion’s products and expand Dart’s leadership as a one-stop mission equipment supplier.”

It’s a deal: L to R: Larry Hansen, Paravion president and CEO shakes hands with Alain Madore, Dart Aerospace president and CEO. Image courtesy of Dart Aerospace.