Servotronics Acquired by TransDigm Following Successful Tender Offer
Deal News | Jul 01, 2025 | PR Newswire Cision TransDigm Group Inc.; Servotronics, Inc.
TransDigm Group Inc. has successfully finalized the acquisition of Servotronics, Inc., following the completion of a tender offer for Servotronics' shares at $47 per share in cash. The tender offer expired just past midnight on June 30, 2025, with 87.09% of the outstanding shares tendered. With the requirements of Section 251(h) of the Delaware General Corporation Law met, the merger concluded without needing a vote from Servotronics' stockholders. As part of the merger, any non-tendered shares will convert into the right to receive the tender offer price. Consequently, Servotronics’ shares will be delisted from the NYSE American. Legal counsel for TransDigm included Baker & Hostetler LLP, while Houlihan Lokey served as the financial advisor for Servotronics. TransDigm is a leading company in aircraft components, while Servotronics specializes in servo controls and components for aerospace applications.
Sectors
- Aerospace and Defense
- Corporate Finance / Mergers & Acquisitions
Geography
- United States – Both TransDigm Group Inc. and Servotronics, Inc. are based in the United States with operations centered primarily in Ohio and New York, respectively. The business transaction also follows U.S. corporate regulations.
Industry
- Aerospace and Defense – The article involves companies operating within the aerospace sector, particularly focusing on aircraft components and technologies used in commercial and military applications.
- Corporate Finance / Mergers & Acquisitions – The acquisition of Servotronics by TransDigm involves aspects of corporate finance and M&A activity, including a tender offer and strategic consolidation in the aerospace industry.
Financials
- $47.00 – Purchase price per share in cash for Servotronics' shares as part of the tender offer by TransDigm.
- 2,228,197 shares – Number of Servotronics' shares tendered, representing approximately 87.09% of outstanding shares.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TransDigm Group Inc. | Bidding Company | Company | A global designer and supplier of highly engineered aircraft components for commercial and military aircraft. |
| Servotronics, Inc. | Target Company | Company | Designs and manufactures servo controls and components for aerospace applications. |
| Baker & Hostetler LLP | Legal Advisor to TransDigm | Company | Provided legal counsel to TransDigm during the acquisition. |
| Houlihan Lokey | Financial Advisor to Servotronics | Company | Served as financial advisor to Servotronics in the transaction. |
| Bond Schoeneck & King | Legal Advisor to Servotronics | Company | Provided legal counsel to Servotronics during the acquisition. |