Parties
Company
Héroux-Devtek Inc.
Company
Platinum Equity Advisors, LLC
On February 12, 2025, Platinum Equity completed its acquisition of Héroux-Devtek Inc., a leading international aerospace manufacturer and the world’s third-largest landing gear producer, valuing the transaction at approximately $1.35 billion. Headquartered in Longueuil, Québec, Héroux-Devtek also operates a research and development center in Saint-Hubert, supporting both defense and commercial aerospace markets.
Louis Samson, Co-President of Platinum Equity, praised Héroux-Devtek’s expertise and reaffirmed a commitment to maintaining its Québec headquarters and investing in its growth. Managing Director Delara Zarrabi highlighted the company’s diversified aerospace programs, aftermarket business, and proprietary designs, outlining plans to drive expansion through organic initiatives and acquisitions.
Caisse de dépôt et placement du Québec (CDPQ) and Fonds de solidarité FTQ (FTQ) participated in the debt financing, reinforcing long-term local investment in the company.
Platinum Equity, which has invested in Husky Technologies and previously owned Livingston International, continues expanding in Canada. Samson, a Québec City native, emphasized the firm’s deep understanding of the market and commitment to creating value with Canadian businesses.
Stikeman Elliott LLP and Latham & Watkins LLP served as legal advisors to Platinum Equity. BMO Capital Markets acted as financial advisor and lead arranger for financing.
Deal Type
Merger & AcquisitionIndustry
TransportationTransaction
$ 1,350,000,000Deal Status
ClosedClosing Date
12 February 2025