Boeing’s $4.25 Billion acquisition of KLX


Kirkland & Ellis LLP advised Boeing on the deal

Boeing [NYSE: BA] has entered a definitive agreement to acquire KLX Inc. [NASDAQ: KLXI] to enhance its growing services business. The agreement comprises an all-cash transaction for $63 per share and the assumption of approximately $1.0 billion of net debt, totaling $4.25 billion.

Boeing’s acquisition of KLX Inc. will include KLX Inc.’s Aerospace Solutions Group, and is conditional upon the successful divestment and separation of KLX Inc.’s Energy Services Group.

KLX Inc. is a major independent provider of aviation parts and services in the aerospace industry. Its capabilities include global parts distribution and supply chain services for aerospace and defense industries worldwide. KLX Inc. will be part of Boeing Global Services and fully integrated with Aviall.

KLX Inc. is also a leading supplier of chemical composites, with this combination broadening the scope of what Aviall can offer to customers in this space.

Boeing is the world’s largest aerospace company and leading manufacturer of commercial airplanes and defense, space and security systems. Boeing is also the world leader in combined commercial airlines and government services with customers in more than 150 countries.

Kirkland advised with a team including Scott Falk (Picture), Michael Weed, Robert Hayward and Joydeep Dasmunshi, Tushin Shah, Andrew Struckmeyer and Jake Wasserman; benefits and executive compensation partner Michael Falk; technology and IP transactions partners Neil Hirshman and Sam Hong and associate Todd Herst; and antitrust and competition partners Mark Kovner and Jeffrey Ayer.

Involved fees earner: Scott Falk – Kirkland & Ellis; Michael Weed – Kirkland & Ellis; Robert Hayward – Kirkland & Ellis; Joydeep Dasmunshi – Kirkland & Ellis; Tushin Shah – Kirkland & Ellis; Andrew Struckmeyer – Kirkland & Ellis; Jake Wasserman – Kirkland & Ellis; Michael Falk – Kirkland & Ellis; Neil Hirshman – Kirkland & Ellis; Sam Hong – Kirkland & Ellis; Todd Herst – Kirkland & Ellis; Mark Kovner – Kirkland & Ellis; Jeffrey Ayer – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Boeing Company;