TransDigm Acquires Stellant Systems from Arlington Capital for $960 Million

Arlington Capital Partners Acquires L3Harris' Electron Devices and Narda Microwave-West to Form Stellant Systems

October 4, 2021

Aerospace & Defense

Arlington Capital Partners completed the acquisition of L3Harris Technologies' Electron Devices and Narda Microwave-West divisions and has established the business as Stellant Systems, a standalone platform focused on mission-critical defense and space electronics. The company, led by CEO Paul Russell, designs and manufactures RF amplification products (including traveling wave tubes and microwave power modules) and employs over 800 people across facilities in Torrance, California; Williamsport, Pennsylvania; and Folsom, California.

Stellant Systems Acquires Comtech's Power Systems Technology (PST) Product Line

October 12, 2023

Aerospace & Defense

Stellant Systems, a portfolio company of Arlington Capital Partners, agreed to acquire Comtech Telecommunications' Power Systems Technology (PST) product line for a total cash purchase price of $40 million (including up to $5 million contingent consideration). The deal strengthens Stellant's RF amplification portfolio — adding Gallium Nitride solid-state power capabilities and complementary customers and workforce — while Comtech will use the proceeds to reduce debt and de-lever its balance sheet.

TransDigm Acquires DART Aerospace for Approximately $360M

March 14, 2022

Aerospace & Defense

TransDigm Group Incorporated agreed to acquire DART Aerospace, a Montreal-based manufacturer of helicopter mission equipment, from Greenbriar Equity Group and First Aviation Services for approximately $360 million in cash. DART, which generates roughly $100 million in pro forma 2022 revenue and employs about 400 people across facilities in Canada, the U.S. and Mexico, was acquired to expand TransDigm's proprietary product and aftermarket capabilities; the deal is expected to close in Q2 2022 subject to customary approvals.

TransDigm Group Inc Acquires Wyvern Technologies, Inc.

December 5, 2024

Aerospace & Defense

TransDigm Group Inc. has acquired Wyvern Technologies, Inc. in a deal announced December 5, 2024. The acquisition is intended to strengthen TransDigm’s aerospace and defense electronics capabilities and bolster its lifecycle sustainment offerings for military and defense customers.

TransDigm Acquires Raptor Scientific for $655M

May 28, 2024

Aerospace & Defense

TransDigm Group Incorporated has completed the acquisition of Raptor Labs Holdco, LLC (Raptor Scientific) from L Squared Capital Partners for approximately $655 million in cash. Raptor Scientific is a manufacturer of complex test and measurement solutions serving aerospace and defense markets, expected to generate about $90 million in 2024 revenue and employs roughly 170 people across multiple U.S. manufacturing sites.

Stellex Capital Management Acquires RTC Aerospace

March 21, 2022

Manufacturing

Stellex Capital Management completed a platform investment in RTC Aerospace LLC, a manufacturer of high-precision machined components for commercial and military aerospace customers. Stellex will support RTC’s organic growth and pursue an M&A-focused expansion strategy while existing investor/executive Brad Hart remains on the cap table and Dave Herr joins as a partner for growth.