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TransDigm to Acquire Prince & Izant for $1.066 Billion
TransDigm Group announced a definitive agreement to purchase Prince & Izant, a Cleveland‑based designer of brazing alloys and specialty metal components, for approximately $1.066 billion in cash, including tax benefits. The deal, pending U.S. regulatory approval, will add a company that serves aerospace, defense, aeroderivative turbine and transportation markets and is expected to generate about $360 million in revenue in the year ending December 31 2026. Prince & Izant employs roughly 220 staff across facilities in Ohio, Illinois, Wisconsin and New York.
Separately, investment firm NewEdge Wealth LLC cut its holding in TransDigm Group by 63.6% during the first quarter, leaving it with 448 shares valued at $519,000. Institutional investors collectively own about 95.8% of TransDigm’s stock.
Entities
Industrial Growth Partners · Mike Lisman · NewEdge Wealth LLC · Prince & Izant · TransDigm Group Inc.
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Institutional investors own about 95.78% of TransDigm Group’s stock. www.marketbeat.com
- [● 2 SOURCES] Mike Lisman, chief executive officer of TransDigm Group, said the company is excited to acquire Prince & Izant. aijourn.com · pulse2.com
- [● 2 SOURCES] Prince & Izant expects to generate approximately $360 million in revenue for the calendar year ending December 31 2026. aijourn.com · pulse2.com
- [● 2 SOURCES] TransDigm Group entered into a definitive agreement to acquire Prince & Izant for approximately $1.066 billion in cash, including tax benefits. aijourn.com · pulse2.com
- [○ 1 SOURCE] NewEdge Wealth LLC reduced its stake in TransDigm Group by 63.6% in the first quarter, holding 448 shares worth $519,000. www.marketbeat.com
- [● 2 SOURCES] Prince & Izant employs about 220 people across manufacturing locations in Cleveland, Ohio; Tinley Park, Illinois; Franksville, Wisconsin; and Bay Shore, New York. aijourn.com · pulse2.com
- [● 2 SOURCES] The acquisition is subject to regulatory approvals in the United States and customary closing conditions. aijourn.com · pulse2.com
- [● 2 SOURCES] Prince & Izant is headquartered in Cleveland, Ohio and designs and manufactures brazing alloys and specialty metal components for aerospace, defense, aeroderivative turbine and transportation markets. aijourn.com · pulse2.com