TransDigm to acquire Raptor Scientific for $655M in cash

TransDigm Group announced it has entered into a definitive agreement to acquire Raptor Labs Holdco, a portfolio company of L Squared Capital Partners, for approximately $655M in cash, including certain tax benefits. Raptor Scientific is a leading global manufacturer of complex test and measurement solutions primarily serving the aerospace and defense end markets. The company’s products are highly engineered, proprietary components with significant aftermarket content and a strong presence across major aerospace and defense platforms. Nearly all of Raptor Scientific’s revenue is generated from proprietary products. The company is expected to generate approximately $90M in revenue for the calendar year ending December 31, 2024. The Company employs approximately 170 people and has manufacturing locations in Livermore, CA; Woodland Hills, CA; Berlin, CT; Huntsville, AL; and Peterborough, NH. The acquisition is subject to regulatory approvals in the United States and customary closing conditions. The acquisition is expected to be financed through existing cash on hand.