Florida-based B/E Aerospace is set to buy TSI Group, an aerospace and defense company, from Arlington Capital Partners, a private equity firm, for $310 million in cash. B/E Aerospace makes aircraft interior products. The deal is expected to be completed in tin the fourth quarter of 2010.
(Reuters) – Private equity firm Arlington Capital Partners said it would sell one of its portfolio companies, TSI Group Inc, to Florida-based B/E Aerospace for $310 million in cash.
TSI provides thermal management and interconnect solutions to original equipment manufacturers (OEMs) in the aerospace and defense industries.
B/E Aerospace manufacturers aircraft cabin interior products and distributes aerospace fasteners and consumables.
The transaction is expected to close in the fourth quarter of 2010.
(Reporting by Mansi Dutta in Bangalore; Editing by Muralikumar Anantharaman)