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New Deal


Announced

Completed

Senior completed the acquisition of Spencer Aerospace for up to $100m.

Financials

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Transaction Value£80m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales8.3x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Aerospace

Majority

aircraft components

Private

Acquisition

United States

fluid fittings

Cross Border

Completed

Friendly

Single Bidder

Synopsis

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Senior, a global group of firms in the manufacturing and engineering industries, completed the acquisition of Spencer Aerospace, a manufacturer of highly engineered, high-pressure hydraulic fluid fittings for use in commercial and military aerospace applications, for up to $100m. "We are very pleased to be joining forces with Senior. We have a shared vision about the critical role of fluid conveyance and are sure there will be a strong cultural fit with the Senior team. Our combined resources will enable us to accelerate our product qualification activities and increase our speed to market with source-controlled fittings. I feel certain that our existing and new customers will benefit from this exciting collaboration," Steven Spencer, Spencer Aerospace President.

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