B/E Aerospace acquires TSI Group

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By admin October 5, 2010 23:09

B/E Aerospace acquires TSI Group

B/E Aerospace has acquired TSI Group from private equity firm Arlington Capital Partners for $310 million in cash. The aircraft cabin interior products maker’s purchase of TSI, which manufactures solutions that address power management requirements of aerospace OEMs, is part of the company’s efforts to expand market share in commercial aerospace.

The purchase price is a multiple of about 2.0 times TSI’s expected current year revenues and about 9.5 times TSI’s current-year estimated earnings before interest, taxes, depreciation and amortization. Pending regulatory approval, the deal should close in the fourth quarter.

admin
By admin October 5, 2010 23:09
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