Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WELLINGTON, FL-B/E Aerospace Inc. disclosed Monday it may be looking at possible acquisition targets. The Wellington-based manufacturer of aircraft interior-cabin products announced it filed a universal shelf-registration statement to issue up to $250 million in subordinated notes or new stock.

Any acquisition would increase the company’s already growing real estate portfolio. As of February this year, the company disclosed in an annual shareholder’s report it operates 20 facilities, containing about 1.7 million sf of space that it either owns or leases throughout the United States and overseas. Of the total, the company owns about 965,700 sf.

Since 1989, the company reports it has completed 20 acquisitions, including four during fiscal 2001, at a total value of about $770 million. Earlier this year, the company closed on the acquisition of four aerospace manufacturing companies–Alson Industries Inc., T.L. Windust Machine Inc., DMGI Inc. and Maynard Precision Inc. The company traded about 2.9 million shares of its publicly traded stock, paid about $5.3 million in cash and assumed or repaid indebtedness totaling about $11.8 million for a total purchase price of about $70.1 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.