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Corporation
INDUSTRIAL | Aerospace & Defense / Maintenance & Services
extantaerospace.com

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Stage

Acquired | Acquired

Valuation

$0000 

About Extant Components Group

Extant Components Group provides a broad range of proprietary aftermarket products and repair and overhaul services to the aerospace and defense end markets. The company exclusively licenses or acquires proprietary aftermarket-focused products from leading aerospace and defense OEMs.

Extant Components Group Headquarter Location

1615 W. NASA Blvd

Melbourne, Florida, 32901,

United States

321-254-1500

Latest Extant Components Group News

Warburg Sells Extant to TransDigm - Private Equity Professional

Sep 16, 2020

Warburg Sells Extant to TransDigm March 20, 2018 Warburg Pincus has agreed to sell Extant Components Group, a maker of aerospace components, to publicly-traded TransDigm Group for $525 million in cash. Extant Components Group was formed in 2010 by Warburg Pincus in partnership with aerospace executive James Gerwien. The company specializes in the engineering, manufacturing, supply, repair and overhaul of aftermarket components utilized on military and commercial aircraft. Extant focuses on supporting components on platforms at the end of their production lives, but with long-lived fleets that drive aftermarket demand. The company is headquartered in Melbourne, FL and has 170 employees ( www.extantcomponentsgroup.com ). Extant’s strategy is to license or acquire mature, non-core electronics and electro-mechanical products from OEM’s. Its current product portfolio consists of over 2,500 proprietary, aftermarket-focused assemblies and sub-assemblies on over 70 active platforms supporting more than 400 military and commercial customers. “We are proud to have grown Extant into a leading, one-of-a-kind provider of aftermarket support and solutions across the aerospace and defense markets,” said Mr. Gerwien. “We have built a diverse portfolio of products and established longstanding, trusted partnerships and customer relationships with the industry’s leading OEMs.” Extant expects proforma revenues for the fiscal year ending September 2018 to be approximately $85 million. The revenue is derived from a mix of military and commercial applications, with the majority of the revenue coming from the military end market. Extant’s largest platforms include the F-16, AH-64, F-18, F-15, and C-130. Commercial platforms include the King Air series, MD 900/902, B747, B757 and B777. The company also serves business jet platforms such as the Bombardier Learjet family, Cessna Citation family, and various Gulfstream aircraft. “Extant has established a market-leading position in the aftermarket aerospace components sector, supporting numerous leading OEM licensing partners and serving hundreds of military and commercial customers,” said Dan Zamlong, a Managing Director of Warburg Pincus. “It was a pleasure to partner with Jim Gerwien and his team and we thank them for their exceptional dedication to building the business over the last eight years. We are confident in Extant’s future growth and we wish the company continued success under TransDigm’s ownership.” TransDigm Group (NYSE: TDG) is a designer, producer and supplier of a wide range of aircraft components for use on nearly all commercial and military aircraft in service today. The company is headquartered in Cleveland ( www.transdigm.com ). “Extant has an unusual and attractive business model, with significant opportunities for growth,” said W. Nicholas Howley, Chairman and CEO of TransDigm. “This unique model fits well with our proprietary and aftermarket-focused value generation strategy. As usual, we anticipate attractive private equity type returns on this acquisition.” TransDigm will finance the acquisition of Extant through a combination of cash on hand and availability under its existing revolving credit facility. Warburg Pincus has more than $44 billion in assets under management and has raised 16 private equity funds since its founding in 1966. In November 2015, the firm reached a final close of Warburg Pincus Private Equity XII LP at the hard cap of $12 billion. Warburg Pincus is headquartered in New York with offices in Amsterdam, Beijing, Hong Kong, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai and Singapore ( www.warburgpincus.com ). Extant was advised by Lazard and Wells Fargo Securities. The transaction is expected to close before the end of June 2018. © 2018 Private Equity Professional | March 20, 2018

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