TransDigm completes acquisition of DART Aerospace

TransDigm Group Incorporated announced today it has successfully completed its acquisition of DART Aerospace ("DART" or "the Company"), a portfolio company of Greenbriar Equity Group, L.P., for approximately $360 million. TransDigm financed the acquisition with cash on hand. The acquisition of DART was previously announced on March 14, 2022.

DART is headquartered in Montreal, Quebec. The Company is a leading provider of highly engineered, unique helicopter mission equipment solutions that predominantly service civilian aircraft. The Company is expected to generate approximately $100 million in pro forma revenues for the calendar year ending December 31, 2022. Approximately 95% of DART's revenues are derived from proprietary products and about 80% of DART's revenues comes from the aftermarket. The products have a strong presence across major commercial rotary-wing platforms as well as select applications for defense and safety services. The Company employs approximately 400 people and operates from four primary facilities in Hawkesbury, Ontario; Portland, Oregon; Fort Collins, Colorado and Chihuahua, Mexico.