Transdigm acquires Aircraft Parts Corp
Aircraft Parts (APC) has been acquired from Unison Industries, a wholly owned subsidiary of General Electric’s GE Aviation, by TransDigm Group in a stock purchase valued at approximately $68 million.
Holtsville, N.Y.-based APC has been a supplier of proprietary, highly engineered components to the commercial aerospace industry for almost 50 years. The company has reported annual revenues of approximately $33 million.
APC designs and manufactures starter generators, generator control units and related components for turbine engines, including those used on Cessna Citations, Bell and Agusta helicopters, Bombardier Learjets and the Q400 turboprop. More than 90 percent of the company’s sales are to commercial aerospace customers, with a significant portion to the aftermarket.