TransDigm paying $1.4 billion for Electric Device business from TJC portfolio company CPI
TransDigm Group Inc. (TDG) said Thursday it agreed to pay $1.4 billion in cash for the 900-employee Electron Device unit within Communications & Power Industries (CPI). Communications & Power Industries is a portfolio company of private-equity firm TJC LP. TransDigm said CPI's Electric Device business is a leading global manufacturer of electronic components and subsystems primarily for the aerospace and defense market. TransDigm stock is up 42% in 2023, compared to a 14.2% rise by the S&P 500 .
-Steve Gelsi
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11-09-23 0715ET
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