Writer

Amy Wilder

TransDigm Group is acquiring Jet Parts Engineering and Victor Sierra Aviation Holdings in a cash transaction valued at approximately $2.2 billion, including certain tax benefits.&nbsp;Portfolio holdings of Vance Street Capital, the two companies collectively generated about $280 million in revenue last year. The acquisition is subject to regulatory approvals in the U.S. and customary closing conditions.
Jet Parts Engineering, headquartered in Seattle, designs and manufactures proprietary FAA PMA parts and repair solutions primarily for aircraft fleet operators, as well as MRO providers. The company employs about 300 people and derives nearly all of its revenue from the commercial aftermarket.
Victor Sierra Aviation Holdings serves the general aviation and business aviation markets through brands including McFarlane Aviation, Tempest Aero Group, and Aviation Products Systems. Victor Sierra employs about 400 people and operates from multiple facilities across the U.S.
TransDigm chairman, president, and CEO Mike Lisman said the two businesses are profitable and align with TransDigm’s strategy of acquiring highly engineered, proprietary aftermarket product lines that generate recurring commercial revenue. TransDigm said Jet Parts Engineering and Victor Sierra will continue to operate independently following the acquisition, consistent with its long-term operating model.

News and issues about aviation maintenance, repair and overhaul (MRO), covering all segments of the aviation industry; and modifications for aircraft and engines. Subjects include product support of aircraft, engines and avionics, MRO company mergers, acquisitions, announcements and personnel, Airworthiness Directives, Supplemental Type Certificate approvals and other topics.

TransDigm Announces $2.2B Acquisition of PMA Aftermarket Firms

Transaction subject to U.S. regulatory approvals

TransDigm agreed to acquire Jet Parts Engineering and Victor Sierra Aviation Holdings for about $2.2 billion in cash, expanding its PMA aftermarket presence.

TransDigm Expands PMA Portfolio with $2.2B Deal

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News and issues relating to the aerospace industry that are related to the science, engineering and business of flight in space involving civil, industrial and military applications, and similar topics related to flight in the atmosphere of the Earth that are not covered more directly by other AINonline subject channels. In other words, both astronautical and aeronautical subjects, except for those aeronautical topics that are specifically covered elsewhere on this website.

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News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine-powered airplanes and helicopters. Subjects include aircraft, engines, maintenance, operations, personnel, acquisitions, accidents, safety, security, and training.

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