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12/2013

BEECHCRAFT CORP. acquired by TEXTRON

UNITED STATES Aerospace, Naval & Defense / OEM & Aircraft Manufacturers EV $1–10bn

Context

BEECHCRAFT CORP., which reported an EBITDA margin of [members only] in 2013, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the Industry & Manufacturing sector (11.7x).

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Target

Beech Holdings, LLC, through its primary operating subsidiary Beechcraft Corp., designs, manufactures, and services a global fleet of turboprop, piston-engine, and military trainer aircraft, anchored by an active global installed base exceeding 35,500 aircraft in service. The company's commercial aircraft division centers on the proprietary King Air turboprop product family, which addresses business aviation, utility transport, and sovereign special mission requirements through high multi-mission dispatch reliability and flexible payload configurations. Revenue generation is related to the production & delivery of aircraft, the direct supply of original equipment manufacturer parts and factory-led heavy maintenance turnarounds at company-owned Hawker Beechcraft Services hubs. The defense segment functions under long-term governmental defense procurement contracts, delivering the standardized T-6 and AT-6 aircraft platforms for military pilot training and light attack operations.

Ent. Value

$1–10bn

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2013
$1–10bn
$100–200M
[members only]
2012
$1–10bn
$100–200M
[members only]

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REFERENCES

Valuation range: EV $1–10bn

Revenue range: $1–10bn

EBITDA range: $100–200M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 5x - 12x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of BEECHCRAFT CORP. by TEXTRON are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: beechcraft corp.

Acquirer: textron