It has been announced that RBC Bearings Incorporated, an international manufacturer of highly-engineered precision bearings and components for the industrial, defense and aerospace industries, has closed on the acquisition of the Sargent Aerospace & Defense business (Sargent) of Dover Corporation. The acquisition price of $500 million was financed through a combination of cash on hand and senior debt.
With headquarters in Tucson, Arizona, Sargent is a leader in precision-engineered products, solutions and repairs for aircraft airframes and engines, rotorcraft, submarines and land vehicles. The company manufactures, sells, and services hydraulic valves and actuators, specialty bearings, specialty fasteners, seal rings & alignment joints, and precision components under leading brands including KAHR Bearing, Airtomic, Sonic Industries, Sargent Controls, and Sargent Aerospace & Defense. The company has over 750 employees in six facilities in three countries.