Houlihan Lokey Advises Esterline Corporation

Houlihan Lokey is pleased to announce the divestiture of Esterline Corporation's (NYSE:ESL) Kirkhill business unit to TransDigm Group Incorporated (TransDigm) (NYSE:TDG). The transaction closed on March 15, 2018.

Kirkhill is a leading diversified manufacturer of highly engineered, elastomer-based products. Founded in 1919 and located in Brea, California, Kirkhill is a producer of precision silicone seals for commercial and military aircraft, rocket and missile liner insulation material, and application-specific engineered products serving the defense, industrial, and commercial markets.

Kirkhill’s primary product offerings include aerodynamic seals for commercial and military airframes, ducts and firewall seals for aircraft engines and nacelles, aircraft door and hatch seals, inflatable seals for cockpit canopies and large openings, aircraft window seals, and aircraft conductive seals for electromagnetic interference survivable conditions. Key characteristics of Kirkhill’s products include radar absorbing, electromagnetic interference, and electro static dissipating materials as well as calendered, extruded, and molded solid and sponge specialty rubber.

Houlihan Lokey's Aerospace•Defense•Government (ADG) Group is the leading M&A advisor to aerospace, defense, government services, and homeland security companies. Since 2015, we have closed more than 55 transactions totaling over $10 billion in enterprise value. With a staff of approximately 30 investment bankers in Washington, D.C., and Los Angeles, Houlihan Lokey's ADG Group is among the largest dedicated industry banking groups worldwide.

If you would like more information about Houlihan Lokey or have any questions regarding our role in the sale of Esterline Corporation's Kirkhill business unit, please contact one of the transaction team members listed.

Deal Team Contact

Mike McElhenney
Managing Director