Sale of TEAC Aerospace Technologies, Inc.
Washington, D.C., April 2008 — Thayer | Hidden Creek announces the sale of TEAC Aerospace Technologies, Inc. to Goodrich Corporation.
TEAC is a leading global supplier of airborne recording and debriefing systems to the defense industry, as well as in-flight entertainment systems to the commercial airline industry. The Thayer | Hidden Creek team actively worked with TEAC’s management team to establish stand-alone business capabilities, develop a complete digital product line, and enhance the management capabilities of the Company. With Thayer | Hidden Creek’s partnership, TEAC experienced impressive growth and a significant reduction in debt.