Leggett & Platt Acquires Pegasus Manufacturing
March 15, 2016
Leggett & Platt Incorporated has acquired Pegasus Manufacturing, Inc., a Middletown, Connecticut-based aerospace manufacturer that produces fabricated tubes, pipe assemblies, precision-machined parts and gears for commercial and military aircraft engines and land-based turbines. Terms were not disclosed; Carter Morse & Mathias served as financial advisor to Leggett & Platt. The acquisition expands Leggett & Platt's Aerospace Products Group capabilities and strengthens its product and market presence in aerospace components.
- Buyers
- Leggett & Platt Incorporated
- Targets
- Pegasus Manufacturing, Inc.
- Industry
- Manufacturing
- Location
- Connecticut, United States
- Transaction Type
- Buyout
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