Platinum Equity, a private equity firm, agreed to acquire Héroux-Devtek, a manufacturer of aerospace products, from CDPQ, an institutional investor, for CAD1.35bn. "We believe the company’s engineering prowess and emphasis on R&D have contributed to its success as a service-oriented supplier that delivers for its customers. Platinum Equity values Héroux-Devtek’s commitment to customer service excellence and we are excited to partner with the company’s management team in the next phase of its growth journey," Louis Samson, Platinum Equity Co-President.