Skandia Deal Provides TransDigm With Attractive Business Jet Exposure, but It Isn't a Needle Mover
Wide-moat aerospace supplier TransDigm announced it completed its acquisition of Skandia Inc., a portfolio company of Graycliff Partners, for $84 million. Skandia checks all the boxes that TransDigm looks for in an acquisition with a strong focus on aerospace end markets and 50% of its sales from higher margin aftermarket activities. Skandia manufactures seating foam, provides acoustic (soundproofing) solutions, and conducts flammability testing for aircraft. What’s a bit different from previous...TransDigm Group is a holding company. Through its subsidiaries, the company designs, produces and supplies aircraft components for use on commercial and military aircraft. The company's segments are: Power and Control, which develops, produces and markets systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies; Airframe, which develops, produces and markets systems and components that are used in non-power airframe applications utilizing airframe and cabin structure technologies; and Non-aviation, which develops, produces and markets products for non-aviation markets.
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