Warburg Pincus To Sell Extant Components Group To TransDigm Group For $525 Mln

(RTTNews) - Warburg Pincus, a private equity firm focused on growth investing, announced that funds affiliated with the firm reached a definitive agreement to sell Extant Components Group Holdings, Inc., a provider of proprietary, aftermarket-focused avionics, electronics, and electromechanical products for the aerospace and defense markets, to TransDigm Group Inc. (TDG), a designer, producer and supplier of highly engineered aircraft components, for about $525 million in cash.

Headquartered in Melbourne, Florida, Extant was formed in 2010 by seasoned aerospace executive James Gerwien in partnership with Warburg Pincus to specialize in the engineering, manufacturing, repair and overhaul of aftermarket components utilized on military and commercial aircraft.