Landing Gear Provider Héroux-Devtek Sold To Private Equity For $1.35B

777X landing gear

Boeing 777X landing gear

Credit: John Keeble/Getty Images
Historic landing gear specialist Héroux-Devtek of Quebec, Canada, has agreed to be acquired and taken private by a U.S. private equity firm for about $1.35 billion, the company announced July 11. Platinum Equity Advisors will pay $32.50 in cash per share, marking a 28% stock price premium to the...
Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

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