Arcline Investment Management, a growth-oriented private equity firm, has announced a definitive agreement to acquire Novaria Group, a leading provider of engineered aerospace components and specialty processes, in an all-cash transaction valued at approximately $2.2 billion.
Founded in 2011 by CEO Bryan Perkins, Novaria Group has built a strong portfolio of trusted suppliers serving the aerospace and defense industry. Its specialized products support more than 3,000 customers and are used on nearly every Boeing and Airbus commercial aircraft currently in service.
Arcline said in a statement, “Novaria has a proven track record of identifying, acquiring, and growing niche aerospace product businesses that share a common culture rooted in innovation and customer service. We’re excited to partner with Bryan and the entire Novaria team to continue executing this strategy.”
Perkins added, “Novaria is committed to being an enduring, trusted partner to the global aerospace industry. Arcline’s deep aerospace experience and growth mindset align perfectly with our long-term vision for Novaria.”
Guggenheim Securities served as the financial advisor, while Ropes & Gray LLP and Paul Hastings LLP acted as legal advisors to Arcline in the transaction.