TransDigm Group Incorporated entered into a definitive agreement to acquire Prince & Izant, a portfolio company of Industrial Growth Partners, for approximately $1.066 billion in cash, including certain tax benefits. Prince & Izant is a manufacturer of highly engineered brazing alloys and specialty metal components for aerospace, defense, aeroderivative turbine, and transportation markets. The target company is expected to generate approximately $360 million in revenue for the calendar year ending December 31, 2026. The transaction is subject to United States regulatory approvals and customary closing conditions. TransDigm Group is an aerospace component manufacturer and supplier.
