TransDigm Group acquired Young & Franklin / Tactair Fluid Controls Inc. (purchase agreement; target revenue about $75M), a transaction completed in September 2016, structured as all cash.
Young & Franklin / Tactair Fluid Controls Inc. operates in Power & Control, is based in Liverpool, New York, had revenue of about approximately $75 million (FY ending Dec 2016). Liverpool, New York-based Young & Franklin Inc. and its subsidiary Tactair Fluid Controls Inc., manufacturers of proprietary, highly engineered valves and actuators. About $75M revenue (FY ending Dec 2016) with about 70% aftermarket; nearly 100% proprietary; about 70% aerospace, balance industrial gas turbine. Platforms include Embraer E2/Phenom 300/Legacy, Bombardier Challenger/Global, Mitsubishi MRJ, Lockheed C-130J and Bell UH-1.
Nearly 100% proprietary, about 70% aftermarket valves and actuators on substantial platforms
Both Tactair and Young & Franklin are long standing manufacturers of proprietary products with established positions, strong aftermarket content and an outstanding reputation based on product excellence. The highly engineered products will allow us to expand our content on a number of substantial platforms.W. Nicholas Howley, Chairman, President and CEO, TransDigm Group
Advisory firms were not disclosed for this transaction.