Boeing to Buy Aviation Parts Distributor Aviall for $1.7B
The Boeing Company, Chicago, IL, had agreed to acquire aviation parts distributor Aviall, Inc., Dallas, TX, in an all cash merger for $48 per share or $1.7 billion. Boeing will also assume about $350 million of net debt as part of the transaction.
Aviall's 2005 revenue was $1.3 billion, with more than 25% growth expected in 2006.
"The aviation services market offers us tremendous opportunities to profitably grow our business, internally and externally, to better serve our commercial and military customers," said Boeing Chairman, President and Chief Executive W. James McNerney. "This acquisition is uniquely powerful in that it leverages the strong and growing services units of both our commercial and military ...