Platinum Equity to Acquire Héroux-Devtek
July 11, 2024
Platinum Equity, through an affiliate purchaser, has agreed to acquire all outstanding common shares of Héroux-Devtek for C$32.50 per share in a transaction valuing the company at approximately US$1.35 billion. Héroux-Devtek management will roll over a portion of their equity, and Platinum Equity said it will keep the company headquartered and invest in its Québec operations while pursuing organic growth and strategic acquisitions.
- Buyers
- Platinum Equity
- Targets
- Héroux-Devtek
- Sellers
- Public shareholders of Héroux-Devtek, Rollover Shareholders (members of senior management)
- Industry
- Aerospace & Defense
- Location
- Quebec, Canada
- Transaction Type
- Buyout
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