M&A · Industrials · Cutlery, Handtools & General Hardware
TransDigm Group Inc to acquire Servotronics Inc
Announced May 19, 2025 · Closed Jul 1, 2025
Deal value$110MEV $98M
Premium274.0%To unaffected price
EV / Adj. EBITDA—2.1x EV / Revenue
ConsiderationAll cash$38.50 per share
Transaction
- Acquirer
- TransDigm Group Inc (TDG)
- Target
- Servotronics Inc (SVT)
- Buyer type
- Strategic
- Offer price per share
- $38.50
- Enterprise value
- $98M
- Status
- Closed Jul 1, 2025
Deal protections
- Break fee (target pays)
- $5.0M · 4.5%
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Houlihan Lokey
- Houlihan Lokey fee
- $8.5M
Sector context · Industrials
- Comparable deals
- 89 in the prior 24 months
- Premium
- 274.0% vs. 38.5% sector median
- EV / Adj. EBITDA
- Sector median 9.1x
- Break fee
- 4.5% vs. 2.7% sector median
Timeline
- AnnouncedMay 19, 2025
- Tender offerJun 2, 2025
- ClosedJul 1, 2025
Valuation · fairness opinions
Trading comparables$11.73$16.52
Trading comparables$17.93$27.43
Precedent transactions$19.72$26.11
Discounted cash flow$15.69$26.54
Offer $38.50
Implied value per Servotronics Inc share by analysis, from Houlihan Lokey · DCF discount rate 12.5%–16.5%.