Technical Airborne Components ("TAC", "the Company"), a leading designer and manufacturer of rods and struts for the aerospace industry, is pleased to announce that Searchlight Capital Partners ("Searchlight"), a leading global private investment firm, has entered into a definitive agreement to acquire the Company from TransDigm Group Incorporated ("TransDigm Group").
TAC is one of the leading European players in the rods and struts market with a presence in commercial aircraft, regional and business jets, helicopters, as well as military and space programs. The Company benefits from long-standing relationships with key aircraft manufacturers including Airbus, Leonardo and Pilatus, among others, as well as differentiated design-to-build capabilities. This results in an attractive sole-source portfolio underpinned by long-term contracts, as well as exposure to growing platforms like the A320. TAC is based in Belgium (Liege), with approximately 170 employees.
Ralf Ackermann, Partner at Searchlight, commented: "We are delighted to be partnering with TAC and its management team and look forward to drawing upon our industry and operational expertise, as well as our transatlantic presence to accelerate its growth. This investment further demonstrates our belief in the long-term recovery of the Aerospace sector."
Dirk Dhooge, President of TAC, commented: "This is an exciting opportunity for the entire TAC team, we look forward to working with Searchlight to expand our business and gain new opportunities. We believe that this transaction keeps TAC well-positioned for the impending Aerospace recovery."
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|Technical Airborne Components||Aircraft Structural Components, Struts|
|TransDigm Group Incorporated|
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