# Platinum Equity to acquire Héroux-Devtek for $1.35 billion

Héroux-Devtek has entered into an agreement to be acquired by an affiliate of Platinum Equity for $32.50 per share in cash, representing a total enterprise value of approximately $1.35 billion. The transaction includes a rollover of shares by senior management.

- Type: Acquisition
- Announced: 2024-07-11
- Where: Longueuil, Quebec, Canada
- Value: $1.35B
- Status: announced
- Products: landing gear, aerospace products
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Platinum Equity](https://endata.com/companies/1087.md) (acquirer)
- [Heroux-Devtek](https://endata.com/companies/2158.md) (target)
- [Platinum Equity Advisors](https://endata.com/companies/19825.md) (acquirer)

## Sources

- [investors.herouxdevtek.com](https://investors.herouxdevtek.com/2024-07-11-HEROUX-DEVTEK-ENTERS-INTO-DEFINITIVE-AGREEMENT-TO-BE-ACQUIRED-BY-PLATINUM-EQUITY), 2024-07-11: "After an extensive and robust strategic review process, we are pleased to have agreed on the terms of a transaction with Platinum Equity."
- [canadiandefencereview.com](https://canadiandefencereview.com/quebec-based-heroux-devtek-enters-into-agreement-to-be-acquired-by-u-s-based-private-equity-firm/), 2024-07-11: "Héroux-Devtek Inc. announced that it has entered into an arrangement agreement with an affiliate of Platinum Equity Advisors, LLC, pursuant to which the Purchaser will acquire all the issued and outstanding common shares of the Corporation for $32.50 in cash per share."

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