What Happened
Aerospace Supplier Expands Portfolio With Strategic Acquisition
TransDigm Group has completed its acquisition of Prince & Izant, a leading designer and manufacturer of brazing alloys and specialty metal components, for approximately $1.066 billion in cash. The acquired business serves the aerospace and defense, aeroderivative turbine, and transportation markets, with a focus on aftermarket revenue. Prince & Izant’s products are used in high-performance applications, including aircraft engine fuel nozzles and rocket engines. The acquisition was first reported by Unknown Source.