Spirit AeroSystems $650 million acquisition of Asco Industries

Overview:

• Spirit AeroSystem has agreed to acquire Asco Industries, a Belgium-based designer and manufacturer of components and mechanical assemblies for the aerospace industry. 
• Spirit expects to finance the acquisition through new debt.
• The transaction is expected to close in the second half of 2018, subject to regulatory approval.
• Methuselah Advisors and Goldman Sachs served as financial advisors to Spirit, while Lazard served as sole financial advisor to the sellers.

Prin Shasiharan - Researcher