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TransDigm Group logoTransDigm Group TDG

TransDigm said it completed the acquisition of Raptor Labs Holdco, LLC (Raptor Scientific), a portfolio company of L Squared Capital Partners, on July 31, 2024 for approximately $655 million in cash, including certain tax benefits.

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

Key points

AI summary
  1. TransDigm said it completed the acquisition of Raptor Labs Holdco, LLC (Raptor Scientific), a portfolio company of L Squared Capital Partners, on July 31, 2024 for approximately $655 million in cash, including certain tax benefits.

  2. The company said it financed the acquisition through cash on hand. It added that the entry into the definitive agreement to acquire the company was previously reported in a Form 8-K filed on May 28, 2024.

  3. TransDigm said Raptor Scientific is a leading global manufacturer of complex test and measurement solutions primarily serving the aerospace and defense end markets. It expects the company to generate approximately $90 million in revenue for the calendar year ending December 31, 2024.

  4. The company said nearly all of Raptor Scientific's revenue is generated from proprietary products and that it employs approximately 170 people. Its manufacturing locations are in Livermore, Woodland Hills, Berlin, Huntsville and Peterborough, across 5 U.S. sites.

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.

Raptor Labs Holdco Acquisition Completed

TransDigm said it completed the acquisition of Raptor Labs Holdco, LLC (Raptor Scientific), a portfolio company of L Squared Capital Partners, on July 31, 2024 for approximately $655 million in cash, including certain tax benefits.

Source · Based on the filing body and exhibits

Acquisition Funded With Cash on Hand

The company said it financed the acquisition through cash on hand. It added that the entry into the definitive agreement to acquire the company was previously reported in a Form 8-K filed on May 28, 2024.

Source · Based on the filing body and exhibits

Raptor Scientific's Business and Revenue Scale

TransDigm said Raptor Scientific is a leading global manufacturer of complex test and measurement solutions primarily serving the aerospace and defense end markets. It expects the company to generate approximately $90 million in revenue for the calendar year ending December 31, 2024.

Source · Based on the filing body and exhibits

Raptor Scientific's Product Mix, Workforce and Manufacturing Sites

The company said nearly all of Raptor Scientific's revenue is generated from proprietary products and that it employs approximately 170 people. Its manufacturing locations are in Livermore, Woodland Hills, Berlin, Huntsville and Peterborough, across 5 U.S. sites.

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.