TransDigm Group (TDG) has agreed to acquire Prince & Izant from private equity firm Industrial Growth Partners for about $1.07 billion in cash.
Ohio-based Prince & Izant designs and makes brazing alloys and specialty metal components and mainly supports the aerospace and defense, aero-derivative turbine, and transportation end markets. The firm derives the majority of its revenue from the aftermarket and is expected to generate sales of about $360 million for the calendar year through Dec. 31, TransDigm said Monday.
"(Prince & Izant) offers highly engineered, custom, proprietary products and provides excellent service to its customers -- attributes that align well with TransDigm's acquisition criteria," TransDigm Chief Executive Mike Lisman said in a statement. "We expect this acquisition to create equity value in-line with our long-term private equity-like return objectives."
TransDigm shares were up 3.6% in afternoon trade. So far in 2026, the stock has lost 3.7% in value.
Prince & Izant has manufacturing locations in Ohio, Illinois, Wisconsin, and New York. It employs about 220 people, while majority of its revenue is derived from specialty metals, including gold, silver, and platinum alloys.
Industrial Growth Partners acquired Prince & Izant in 2022.
Industrial Growth Partners and Prince & Izant didn't respond to' requests for comment.
Earlier this month, TransDigm opted to withdraw from its proposed $960 million acquisition of aerospace component maker Stellant Systems from private equity firm Arlington Capital Partners, saying continuing to pursue the deal through the regulatory review process was no longer in its "best interests."
Following the termination, Morgan Stanley downgraded its rating on the TransDigm stock, citing concerns around the company's ability to "source acquisitions of size which can move the scale on inorganic growth."
"The key downside risk, in our view, is execution," the brokerage said in a note to clients e-mailed July 15. "Any challenges in integrating acquisitions, weaker-than-expected synergy realization, or disruption to underlying operations that could pressure margins could further weigh on sentiment."
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