General Donlee has been sold to Triumph Group
Lincoln International, a leading global investment bank, has announced that it is representing General Donlee Canada Inc. (TSX:GDI, “General Donlee” or the “Company”). The Company has agreed to be acquired by Triumph Group, Inc. (NYSE:TGI, “Triumph”) for CAD $5.50 per share in cash. The transaction represents an enterprise value of approximately CAD $114.0 million.
Headquartered in Toronto, ON, General Donlee is a leading supplier of aircraft engine shafts, thrust links, rotorcraft masts and other highly complex machined components for flight critical aeroengine and landing gear applications. The Company also specializes in the manufacture of precision-machined products for the industrial products and power generation industries. General Donlee’s operating strategy focuses on targeting niche markets for products that are aligned with its sophisticated manufacturing capabilities and skilled workforce. The Company serves a group of leading aerospace customers such as GE Aviation, Bell Helicopter and Messier Dowty.
For further information on General Donlee and this transaction, please see the disclosure documents filed by the Company with the security regulatory authorities, available at www.sedar.com, or through the Company’s website at www.generaldonlee.com.
Lincoln International acted as the lead financial advisor to General Donlee, working closely with the Company’s senior management team throughout the sale process. Lincoln provided advisory expertise and managed the preparatory, marketing, due diligence and final negotiation phases of the transaction.
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