The announcement on Monday comes just days after the Wellington-based manufacturer of aircraft interior-cabin products filed a universal shelf-registration statement to issue up to $250 million in subordinated notes or new stock--specifically for acquisition purposes.

Under terms of the pending agreement, B/E offered $152 million in cash and $25 million of its common stock to the owners of the Miami-based independent aftermarket distributor of aerospace fasteners. The deal is expected to close in 30 days, pending shareholder approval.

At the time of closing, M&M is expected to use $80 million of the purchase price to repay all of the company's outstanding debt. As an incentive, B/E offered the selling shareholders an opportunity to earn an additional $23 million of its publicly traded common based on M&M's future earnings performance.