TransDigm buys Prince & Izant for $1.07 billion in aerospace push

TransDigm Group agreed to acquire specialty metals maker Prince & Izant for $1.066 billion, adding brazing alloys used in aircraft engines and rocket motors to its portfolio of proprietary aerospace components.

TransDigm Group agreed to buy Prince & Izant for about $1.07 billion in cash, adding a maker of precious-metal brazing alloys that generate the majority of revenue from aftermarket sales on aircraft engines and rocket motors.

"The company offers highly engineered, custom, proprietary products and provides excellent service to its customers — attributes that align well with TransDigm's acquisition criteria," Mike Lisman, chief executive officer of TransDigm, said in a statement.

Prince & Izant, a portfolio company of Industrial Growth Partners, is expected to generate about $360 million in revenue for the calendar year ending Dec. 31, 2026. The Cleveland-based company employs roughly 220 people across four U.S. manufacturing locations and maintains nearly 10,000 active SKUs, with the majority of revenue derived from specialty metals including gold, silver and platinum alloys.

The acquisition extends TransDigm's reach deeper into the aerospace supply chain at a purchase price that values Prince & Izant at about three times expected revenue — consistent with the company's history of bolt-on deals that Lisman said should create equity value in line with its long-term private equity-like return objectives.

TransDigm, which had $3.88 billion in cash and equivalents on its balance sheet as of March 28, has been an active acquirer. The company completed a $2.2 billion purchase of Jet Parts Engineering and Victor Sierra Aviation Holdings in April, a $765 million acquisition of Simmonds Precision Products from RTX in October, and a $960 million deal for Stellant Systems announced in December. The Prince & Izant transaction is the fourth acquisition announced or closed in roughly 12 months.

The target's products span brazing alloys and specialty metal components used in high cost-of-failure applications, including aircraft engine fuel nozzles and rocket engines. Prince & Izant derives the majority of its revenue from aftermarket sales, supporting a large global installed base — a recurring revenue profile that aligns with TransDigm's preference for proprietary products with high switching costs.

The deal requires approval from U.S. regulators and is subject to customary closing conditions. TransDigm did not provide a target closing date.

This article is for informational purposes only and does not constitute investment advice.