TransDigm Group [TDG] on Sept. 6 said it has agreed to acquire Young & Franklin Inc., a manufacturer of fluid controls for the aerospace and industrial gas turbine markets.

The transaction is expected to close in September. TransDigm said Young & Franklin is expected to have $75 million in sales in 2016 with the aftermarket accounting for about 70 percent of the business.

New York-based Young & Franklin makes highly engineered valves and actuators with about 70 percent of its business in aerospace and the rest in the industrial gas turbine market. The company’s aerospace platform customers include Embraer’s E2, Phenom 3000 and Legacy 450/500 aircraft, Bombardier’s Challenger and Global aircraft programs, Mitsubishi’s MRJ aircraft, Lockheed Martin’s [LMT] C-130J transport, Textron’s [TXT] Bell UH-1 helicopter, and various General Electric [GE], Solar and other industrial turbine applications.

Nicholas Howley, chairman, president and CEO of TransDigm, said in a statement that Young & Franklin provides “proprietary products with established positions, strong aftermarket content and an outstanding reputation based on product excellence. The highly engineered products will allow us to expand our content on a number of substantial platforms.”

Young & Franklin’s financial adviser on the deal is Houlihan Lokey.