- Searchlight Capital Partners to acquire Technical Airborne Components (TAC) from TransDigm Group Incorporated (NYSE:TDG) for undisclosed term.
- TAC is one of the leading European players in the rods and struts market with a presence in commercial aircraft, regional and business jets, helicopters, as well as military and space programs.
- Dirk Dhooge, President of TAC, commented: “This is an exciting opportunity for the entire TAC team, we look forward to working with Searchlight to expand our business and gain new opportunities. We believe that this transaction keeps TAC well-positioned for the impending Aerospace recovery.”