DART Aerospace, the industry leader in helicopter and aerospace mission-critical equipment, announced today that it has been acquired by TransDigm Group Inc. (NYSE: TDG). TransDigm, through its 48 wholly owned subsidiaries, is a leading global designer, manufacturer, and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today.

“After three successful years under the ownership of Greenbriar Equity Group and First Aviation Services, we are now entering a new and exciting chapter in our history,” says DART President Alain Madore. “TransDigm will bring a long-term perspective to our business strategy and ensure we maintain our strong growth trajectory. More importantly, I want to recognize the hard work of our talented employees and the amazing support of our shareholders during these turbulent times.”

Under the new ownership, DART will operate with a high level of autonomy while maintaining its strong brand. DART will continue delivering exceptional value and customer service to its customers while bringing innovative products to market.