TransDigm to Acquire Prince & Izant from IGP

Industrial Growth Partners has agreed to sell Prince & Izant to TransDigm Group for just less than $1.1 billion.

Headquartered in Cleveland, Prince & Izant designs and manufactures brazing alloys and specialty metal components used in parts that cannot be allowed to fail. Brazing is the process of joining two pieces of metal by melting a filler alloy between them, and Prince & Izant makes the precious and non-precious metal alloys, precious metal components, and clad metal that go into those joints. The company’s products span nearly 10,000 SKUs, draw heavily on gold, silver, and platinum alloys, and reflect deep metallurgy, precise chemistry, and formulation expertise.

Founded in 1927, the company serves the aerospace and defense, aeroderivative turbine (jet-engine-derived power generation), transportation, medical, power generation, and general industrial end markets, with aerospace applications that include aircraft engine fuel nozzles and rocket engines. Much of its revenue comes from the aftermarket and a large installed base of parts already in service around the world.

Prince & Izant, led by chief executive officer Matt Brandenburg, is expected to generate approximately $360 million in revenue for the calendar year ending December 31, 2026. The company employs roughly 220 people and operates manufacturing sites in Ohio, Illinois, Wisconsin, and New York.

IGP acquired Prince & Izant in June 2022. Over the ownership term, the company completed three add-on acquisitions — Wisconsin-based Peltier Manufacturing (October 2022); Connecticut-based Kay & Associates (August 2023); and New York-based Clad Metal Specialties (May 2025). According to IGP, the company’s EBITDA more than doubled during its four-year ownership term.

“IGP was an exceptional partner, providing the resources, industrial expertise, and strategic guidance that enabled us to accelerate growth, expand our capabilities, and better serve our customers,” said Mr. Brandenburg. “Together, we invested in new products, added key talent, and completed acquisitions that strengthened our platform across our most attractive end markets. I am incredibly proud of what our team accomplished during our partnership with IGP and am excited about the opportunities ahead. We believe Prince & Izant is exceptionally well positioned for its next chapter of growth as part of TransDigm.”

“Prince & Izant represents exactly the kind of business we seek to partner with at IGP – a market leader with differentiated, mission-critical products, deep technical expertise, and a world-class management team,” said Dave DiFranco, a managing partner at IGP. “Over the course of our partnership, we worked alongside Matt and his team to significantly scale the company, broaden its capabilities, and meaningfully deepen its exposure to some of the most attractive and critical end markets in the industrial economy, including aerospace & defense, medical, power generation, and data center infrastructure.”

Brazing alloys are a small but resilient industrial market, and the aerospace and medical niches Prince & Izant serves sit among its higher-value corners. Global demand for braze alloys ranged from about $2.1 billion to $3.2 billion in 2026 across industry estimates, with growth projected anywhere from 2.3% to 6.5% a year depending on the source and scope. Silver-based alloys make up roughly 37% of the market and copper-based alloys another 36%, but aerospace and defense pulls disproportionately toward higher-margin, high-temperature and precious-metal fillers used in engine and structural joints — precisely the gold, silver, and platinum chemistry that anchors Prince & Izant’s catalog. Because much of the demand is tied to engine aftermarket and repair, it tends to hold up across cycles, a quality that fits TransDigm’s preference for proprietary, aftermarket-heavy parts.Prince & Izant fits TransDigm’s acquisition playbook closely. The acquirer targets businesses built on proprietary, highly engineered products that generate the bulk of their revenue from the aftermarket, where pricing power and recurring demand support the private equity-like returns it seeks on every deal. Prince & Izant’s roughly 10,000 SKUs, precise metallurgy, and large installed base fit that profile, and its exposure to aircraft engine components — fuel nozzles and rocket engines among them — slots directly into TransDigm’s core aerospace franchise. For TransDigm, the appeal is less about cost synergies than about adding a differentiated, hard-to-replicate product line to a portfolio it manages for sustained margin and cash generation.

TransDigm Group (NYSE: TDG) designs, produces, and supplies aircraft components used across commercial and military fleets worldwide. Its products include pumps and valves for fuel and hydraulic systems, motors and actuators for aircraft control, connectors and couplings for fluid and air lines, electrical power components, and specialized equipment and services for flight and engine testing. The Cleveland, Ohio-headquartered company was founded in 1993 and comprises roughly 55 independently operated businesses with manufacturing operations across the United States, Europe, and Asia.

“We are excited to have an agreement to acquire Prince & Izant. The company offers highly engineered, custom, proprietary products and provides excellent service to its customers – attributes that align well with TransDigm’s acquisition criteria,” said Mike Lisman, the CEO of TransDigm. “Further, we are familiar with the applications and benefits of these products. As with all TransDigm acquisitions, we expect this acquisition to create equity value in-line with our long-term private equity-like return objectives.”

Industrial Growth Partners provides equity capital to lower-middle market niche manufacturing and industrial services companies with revenues of up to $250 million. The firm invests equity in a range of transaction types involving a change of ownership, such as management buyouts, leveraged buyouts, corporate divestitures, recapitalizations, and management buy-ins. IGP was founded in 1997 and is based in San Francisco.