TransDigm Group acquired Breeze-Eastern Corporation for approximately $206 million ($19.61/share), a transaction completed in January 2016, structured as all cash (tender offer + merger).
Breeze-Eastern Corporation operates in Airframe, is based in Whippany, New Jersey. Whippany, New Jersey-based designer and manufacturer of proprietary helicopter rescue hoists, winches, cargo hooks and weapons-handling systems (NYSE MKT: BZC), acquired via $19.61/share tender offer and back-end merger funded with cash on hand. Products are found on military and civilian aircraft; major customers include Sikorsky, Boeing, AgustaWestland and Airbus on platforms such as the UH-60 Blackhawk and CH-47 Chinook.
Proprietary hoists/winches with broad military and civilian rotary-wing installed base
Breeze-Eastern pioneered the technology for helicopter rescue hoists and cargo winches and subsequently became a leading global designer and manufacturer of highly engineered, proprietary rescue hoists, winches and cargo hooks, as well as weapons-handling systems equipment, which currently can be found on all types of military and civilian aircraft.W. Nicholas Howley, Chairman and Chief Executive Officer, TransDigm Group
Advisory firms were not disclosed for this transaction.