Arcline Investment Management, a growth-oriented private equity firm, has entered into a definitive agreement to acquire Continental Aerospace Technologies for approximately $535 million.
The company is owned by a subsidiary of Aviation Industry Corporation of China.
Founded in 1905 and headquartered in Mobile, Alabama, Continental is a leading designer and manufacturer of piston aircraft engines for the general aviation market.
“Continental is a highly respected platform with a long history of engineering leadership, trusted customer relationships, and mission-critical products that support the global general aviation fleet,” Arcline officials said in a press release. “The company’s technical capabilities, large installed base, and reputation for reliability fit naturally alongside our aerospace and defense systems and subsystems strategy. We look forward to partnering with Continental’s management team and employees to support continued investment in the business and accelerate its next chapter of growth.”
Arcline Investment Management has more than $30 billion in assets under management.
For more information: Arcline.com, Continental.aero
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