TransDigm announces the acquisition of SEI Industries

On May 22, TransDigm Group Incorporated announced that it had completed the acquisition of SEI Industries LTD.

SEI Industries, based in Delta, British Columbia, is a leading provider of technologically advanced aerial firefighting products and other liquid transportation solutions such as remote refueling. Their innovative and world-famous Bambi bucket®, is a patented, foldable fire bucket used all over the world, among others, to fight forest fires. SEI provides exceptional after-sales support for the Bambi spoon® through 12 international repair plants. SEI’s revenues are derived from both the commercial and defense aerospace end markets, with approximately 85% of revenues coming from the aftermarket. The company employs approximately 80 people and is expected to generate revenues of approximately $30 million for the calendar year ending December 31, 2024.

Kevin Stein, president and CEO of TransDigm, stated: “We are excited about the acquisition of SEI Industries. SEI is a leader in firefighting helicopter products and other liquid transportation solutions. The company is widely known in the industry for its highly advanced and specialized products, which align well with our proprietary value generation strategy focused on the aftermarket. SEI’s innovative products and excellent customer service at its global repair centers have created a strong portfolio of established, long-term customers. As with all TransDigm acquisitions, we expect the SEI acquisition to generate equity value consistent with our long-term private equity return objectives.”

The acquisition was financed with existing cash resources.

About the TransDigm Group

The TransDigm Group, through its wholly owned subsidiaries, is a leading global designer, manufacturer and supplier of technically advanced aerospace components for use in almost all commercial and military aircraft in service today. The core product offering, substantially all of which are ultimately delivered to end users in the aerospace industry, includes mechanical/electromechanical actuators and controls, ignition systems and engine technology, specialty pumps and valves, power conditioning equipment, specialty AC/DC electrical motors and generators, batteries and chargers, engineered latching and locking devices, engineered rods, engineered elastomer connectors and sealing solutions, data buses and power controls, cockpit safety components and systems, specialized and advanced cockpit displays, engineered audio, radio and antennas, specialized toilet components, seat belts and safety devices, custom designed and customized interior surfaces and related components, advanced sensor products, switches and relay panels, thermal protection and insulation, lighting and control technology, parachutes, high performance hoists, winches and lifting equipment and cargo, loading, handling and delivery systems, and specialized flight, wind tunnel and jet engine testing services and equipment.