Boeing announced it has entered into a definitive agreement to sell portions of its Digital Aviation Solutions business, including its Jeppesen, ForeFlight, AerData, and OzRunways assets, to private investment firm Thoma Bravo in an all-cash deal valued at $10.55 billion.Boeing will keep its core digital capabilities, which harness both aircraft and fleet-specific data to provide commercial and defense customers with fleet maintenance, diagnostics, and repair services. This digital expertise will continue providing predictive and prognostic maintenance insights.
About 3,900 employees worldwide work in Boeing’s Digital Aviation Solutions organization, which includes elements of the business remaining within Boeing and those included in the sale. Boeing is working with Thoma Bravo to help ensure as seamless a transition as possible for employees while continuing to meet customers’ needs in accordance with all obligations.
The deal is expected to close by the end of 2025 and is subject to regulatory approval and customary closing conditions.
Advisors: Citi is acting as exclusive financial advisor to Boeing, and Mayer Brown is acting as outside counsel. And Kirkland & Ellis is acting as legal counsel to Thoma Bravo.
KEY QUOTES:
“This transaction is an important component of our strategy to focus on core businesses, supplement the balance sheet and prioritize the investment grade credit rating.”
Kelly Ortberg, Boeing president and chief executive officer
“This enables all parts of the digital portfolio to focus on their strengths. Our commitment to meeting our customers’ needs is unwavering as we move forward with our core products and services to support their fleets.”
Chris Raymond, president and chief executive officer of Boeing Global Services
“We are proud to be investing in such an important technology platform in the broader aerospace and defense industry. With a heritage dating back to the 1930s, Jeppesen has been at the forefront of technological innovation for nearly a century. We are excited to build on this track record and power its next phase of growth.”
Holden Spaht, a Managing Partner at Thoma Bravo
“The business has been through an impressive growth transformation in recent years and has strong momentum. Thoma Bravo has a long track record of backing leading technology companies in partnership with existing management. We look forward to supporting the company’s standalone growth objectives through strategic investments, operational best practices and a shared commitment to innovation and long-term value creation.”
Scott Crabill, a Managing Partner at Thoma Bravo
