TransDigm Completes Dart Acquisition

 - May 31, 2022, 12:22 PM
Aviation aftermarket components manufacturer Dart Aerospace which operates locations in Hawkesbury, Ontario as well as Portland, Oregon; Fort Collins, Colorado, and Chihuahua, Mexico, has been acquired by Cleveland-based TransDigm Group in a $360 million cash deal. (Photo: Dart)

TransDigm Group has completed its $360 million acquisition of Montreal-based aviation aftermarket components manufacturer Dart Aerospace from Greenbriar Equity Group and First Aviation Services. The deal, announced in March, was financed with cash on hand, according to Cleveland-based TransDigm. Greenbriar and First acquired Dart in 2019 from co-owners Eagle Copters and the Era Group. 

Dart specializes in helicopter products, including emergency pop-out floats, landing gears, internal and external accessories, cable cutters, and filters. The company holds some 900 supplemental type certificates and offers mission equipment and related services, replacement parts, and tools for civil and military operators, all major rotorcraft OEMs, completion centers, and MRO facilities. The company has 400 employees and operates from facilities in Hawkesbury, Ontario; Portland, Oregon; Fort Collins, Colorado, and Chihuahua, Mexico. Approximately 95 percent of Dart’s annual revenues of $100 million are derived from proprietary products and about 80 percent comes from the aftermarket.  

TransDigm—through its 47 subsidiaries—designs, produces, and supplies a wide variety of aerospace components including controls, actuators, cockpit displays, electric motors, radio and antenna systems, and restraints. Popular brands include AmSafe, Aerosonic, Breeze Eastern, and Korry. Annual revenues are approximately $5 billion. 

Kevin Stein, TransDigm's president and CEO, said the Dart acquisition “fit well with our proprietary and aftermarket-focused value generation strategy.”