TransMedics Group, Inc. (TMDX): M&A transaction — TransMedics acquires two more aircraft for $26.1M; total fleet investment $51.3M

TransMedics Group, Inc.

On Sep 1, 2023, subsidiary bought two fixed-wing aircraft: from Mountain Snow Management ($12.6M) and 1010 Aviation ($13.5M).
Combined with prior purchases on July 28 ($13.0M) and Aug 3 ($12.2M), total fleet cost is approximately $51.3M.
Aircraft will be used to transport donor organs under the National OCS Program, expanding in-house logistics capacity.
The four acquisitions are treated as a series of related transactions for building an owned aircraft fleet.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.95

TransMedics Group, Inc. completed an acquisition involving Mountain Snow Management, LLC for approximately $12.6 million (closed 2023-09-01).

Action: acquisition
Counterparty: Mountain Snow Management, LLC
Consideration: approximately $12.6 million
Closing: 2023-09-01

Exact text from the filing

on September 1, 2023, the Buyer acquired a fixed-wing aircraft from Mountain Snow Management, LLC for a purchase price of approximately $12.6 million (the "Third Acquisition")

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TransMedics Group, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-228569

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