TransDigm completed the acquisition of DART Aerospace from Greenbriar Equity and First Aviation Services for $360m.

TransDigm, a manufacturer of aircraft components, completed the acquisition DART Aerospace, a provider of highly engineered, unique helicopter mission equipment solutions, from Greenbriar Equity, a private equity firm, and First Aviation Services, a provider of component repair and overhaul, for $360m. "We are excited about the acquisition of DART Aerospace. DART is an industry leader in helicopter mission equipment and its unique helicopter solutions fit well with our proprietary and aftermarket-focused value generation strategy. The Company has established positions on a diverse range of new and existing rotary-wing platforms, strong aftermarket content and an outstanding reputation with its customers. As with all TransDigm acquisitions, we expect the DART acquisition to create equity value in-line with our long-term private equity-like return objectives," Kevin Stein, TransDigm President and CEO.