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TransDigm paying $1.4 billion for Electric Device business from TJC portfolio company CPI

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TransDigm paying $1.4 billion for Electric Device business from TJC portfolio company CPI
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Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.

TransDigm Group Inc. TDG, +0.27% said Thursday it agreed to pay $1.4 billion in cash for the 900-employee Electron Device unit within Communications & Power Industries .

Communications & Power Industries is a portfolio company of private-equity firm TJC LP. TransDigm said CPI’s Electric Device business is a leading global manufacturer of electronic components and subsystems primarily for the aerospace and defense market. TransDigm stock is up 42% in 2023, compared to a 14.2% rise by the S&P 500 SPX, +0.10%.

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TransDigm to pay $1.4 billion in cash to buy CPI’s electron device business fromTransDigm to pay $1.4 billion in cash to buy CPI’s electron device business fromTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
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