The Galleria and Erieview Tower, home to TransDigm's offices.
TransDigm Group Incorporated has acquired Raptor Labs Holdco LLC (Raptor Scientific), a portfolio company of L Squared Capital Partners. Raptor Scientific is known as a complex test and measurement solutions manufacturer which is well-established in the aerospace and defence markets.
“We are excited about the acquisition of Raptor Scientific. The Company's comprehensive proprietary and highly engineered product portfolio of aerospace and defence testing and instrumentation solutions fits well with our value generation strategy,” said Kevin Stein, President and Chief Executive Officer of TransDigm.
“Raptor Scientific's test and measurement solutions are used on a diverse range of new and existing aircraft platforms, and the Company has an outstanding reputation with its customers. As with all TransDigm acquisitions, we expect this acquisition to create equity value in-line with our long-term private equity-like return objectives.”
The deal, worth $655 million (in cash plus tax benefits), aligns with TransDigm’s “long-term private equity-like return objectives. Raptor Scientific produces highly engineered, proprietary components which is where most of the company’s revenue is generated.
The testing and measurement solution specialist is on course to generate around $90 million in revenue by the end of the year. The company also employs around 170 people, with locations in Livermore, CA; Woodland Hills, CA; Berlin, CT; Huntsville, AL; and Peterborough, NH.