TransDigm Group has agreed to buy Prince & Izant for about $1.066 billion in cash, including certain tax benefits, in a deal that adds a company expected to generate about $360 million in revenue in calendar 2026.
Prince & Izant, based in Cleveland, Ohio, employs about 220 people and operates four manufacturing sites: Cleveland; Tinley Park, Illinois; Franksville, Wisconsin; and Bay Shore, New York.
The company has nearly 10,000 active SKUs and gets most of its revenue from specialty metals, including gold, silver and platinum alloys. TransDigm said the business serves aerospace and defense, aeroderivative turbine and transportation markets, with smaller exposure to medical and general industrial customers.
Within aerospace and defense, Prince & Izant’s applications include aircraft engine fuel nozzles and rocket engines. TransDigm said the company derives the majority of its revenue from the aftermarket and supports a global installed base.
The acquisition is subject to regulatory approvals in the U.S. and customary closing conditions. Following these announcements, the company's shares moved 1.89%, and are now trading at a price of $1236.71. For the full picture, make sure to review TransDigm's 8-K report.
