TransDigm Group acquired Calspan Corporation for total purchase price of $729 million (per FY23 10-K), a transaction completed in August 2023, structured as all cash.
Calspan Corporation operates in Power & Control / Non-aviation, is based in Buffalo, New York (HQ), had revenue of about approximately $200 million (CY2023E). Buffalo, New York-based independent provider of highly engineered testing and technology development services and systems for aerospace and defense, including a transonic wind tunnel used in commercial and defense aerospace development. Operates seven primary facilities across New York, Virginia, Minnesota and California; about 625 employees.
TransDigm sees an opportunity for its proven operating model to enhance Calspan's established positions across a diverse range of aftermarket-focused aerospace and defense development and testing services.
Aftermarket-focused A&D testing services with earnings stability and growth potential
We are excited about the acquisition of Calspan. We see opportunity for TransDigm's proven operating model to enhance the Company's established positions across a diverse range of aftermarket-focused aerospace & defense development and testing services.Kevin Stein, President and Chief Executive Officer, TransDigm Group
Advisory firms were not disclosed for this transaction.