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TransDigm Group logoTransDigm Group TDG

TransDigm Group said it completed the acquisition of SEI Industries LTD. on May 22, 2024 for about $170 million in cash, and said the deal was financed with existing cash on hand.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. TransDigm Group said it completed the acquisition of SEI Industries LTD. on May 22, 2024 for about $170 million in cash, and said the deal was financed with existing cash on hand.

  2. The company said SEI supplies highly engineered products for aerial firefighting and other liquid transportation solutions, such as remote refueling, serving both commercial and defense aerospace markets, and is headquartered in Delta, British Columbia.

  3. The company said SEI employs about 80 people and derives about 85% of its revenue from the aftermarket. It said SEI provides aftermarket support for the Bambi Bucket® through 12 international repair facilities.

  4. The company said it expects SEI to generate about $30 million in revenue for the calendar year ending December 31, 2024.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

TransDigm Completes SEI Industries Acquisition for About $170 million in Cash

TransDigm Group said it completed the acquisition of SEI Industries LTD. on May 22, 2024 for about $170 million in cash, and said the deal was financed with existing cash on hand.

Source · Based on the filing body and exhibits

SEI's Business and Headquarters

The company said SEI supplies highly engineered products for aerial firefighting and other liquid transportation solutions, such as remote refueling, serving both commercial and defense aerospace markets, and is headquartered in Delta, British Columbia.

Source · Based on the filing body and exhibits

SEI's Workforce and Aftermarket Revenue Share

The company said SEI employs about 80 people and derives about 85% of its revenue from the aftermarket. It said SEI provides aftermarket support for the Bambi Bucket® through 12 international repair facilities.

Source · Based on the filing body and exhibits

SEI Expected to Generate About $30 million in 2024 Revenue

The company said it expects SEI to generate about $30 million in revenue for the calendar year ending December 31, 2024.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.