# Héroux-Devtek to acquire Beaver Aerospace & Defense

Héroux-Devtek Inc. has agreed to acquire the shares of Beaver Aerospace & Defense Inc. and its subsidiary PowerTHRU Inc. from Phillips Service Industries Inc.

- Type: Acquisition
- Announced: 2018-02-27
- Where: Livonia, Michigan, United States
- Value: $23.5M
- Jobs: 100
- Status: announced
- Products: ball screws, actuation systems
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Heroux-Devtek](https://endata.com/companies/2158.md) (acquirer)
- [Beaver Aerospace & Defense Inc.](https://endata.com/companies/18793.md) (target)
- [Phillips Service Industries Inc.](https://endata.com/companies/18794.md) (partner)
- [PowerTHRU Inc.](https://endata.com/companies/30322.md) (target)

## Sources

- [investors.herouxdevtek.com](https://investors.herouxdevtek.com/2018-02-27-HEROUX-DEVTEK-ANNOUNCES-AGREEMENT-TO-ACQUIRE-BEAVER-AEROSPACE-AND-DEFENSE-U-S-MANUFACTURER-OF-BALL-SCREWS-AND-ACTUATION-SYSTEMS), 2018-02-27: "Héroux-Devtek Inc. is pleased to announce an agreement to acquire the shares of Beaver Aerospace & Defense Inc. and its wholly-owned subsidiary PowerTHRU Inc."
- [canadianmanufacturing.com](https://www.canadianmanufacturing.com/manufacturing/heroux-devtek-buy-michigan-based-beaver-aerospace-us23-5m-208792/), 2018-02-27: "This acquisition will allow us to broaden our existing aerospace product offering into ball screws and actuation systems and will enlarge our footprint in North America."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.