TransDigm (TDG) Closes Acquisition Of Young & Franklin
Zacks Investment Research | Sep 25, 2016 10:06PM ET
Aircraft components maker, TransDigm Group Incorporated (NYSE:TDG) closed the acquisition of Young & Franklin Inc. and its subsidiaries, including Tactair Fluid Controls Inc. The deal will expand its footprint in the market of highly engineered, proprietary products with significant aftermarket content.
The Liverpool, NY-based Young & Franklin makes highly engineered valves and actuators, and almost all its products are proprietary. About 70% of its revenues come from the aerospace industry, while the industrial gas turbine market account for the remaining part.
Its key platforms include Embraer's E2, Phenom 300 and Legacy 450/500 programs, Lockheed C130J, Mitsubishi MRJ, Bombardier's Challenger and Global programs, Bell UH1; and diverse GE, Solar and other industrial turbine applications.
The acquired business will add to TransDigm’s revenues to the extent of about $75 million, for the fiscal year ending Dec 2016. Of this, aftermarket revenues will make up about 70% of the total.
Young & Franklin and Tactair are established manufacturers of proprietary products, with robust aftermarket content. Their innovative products will enable TransDigm to expand its offerings on a range of platforms.
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