Arcline Investment Management announced that it has entered into a definitive agreement to acquire Avantus Aerospace Group from Inflexion. Financial terms of the transaction were not disclosed.
Avantus is a provider of engineered shims and fasteners for the global aerospace and defense industries.
After the deal closes, Avantus and its subsidiaries will operate as brands of Novaria Group, an Arcline portfolio company.
Avantus products are used on virtually every major commercial, business jet, and defense aircraft platform in production today.
The company serves more than 1,600 customers worldwide and delivers more than 25 million units annually.
Avantus operates through eight established brands.
The company manufactures and designs engineered shims, solid fillers, and detail parts used to manage critical gaps during aircraft production.
Avantus also provides specialty fasteners, including captive screws, structural bolts, headed pins, and complex engine fasteners.
Novaria Group is a Fort Worth, Texas-based provider of niche engineered components and specialty processes for the aerospace and defense industries.
Novaria serves more than 3,000 customers and focuses on improving the aerospace supply chain.
Avantus is headquartered in the U.K. and has operations across the U.S. and Europe.
Its customer base includes major commercial and defense OEMs and Tier 1 suppliers.
Avantus delivers more than 25 million parts annually across more than 37,000 active SKUs.
The company’s operating brands include Lamsco, Attewell, Bolsan, ShimCo, and PSC Global in engineered shims and detail parts.
Its engineered fastener brands include Fastener Technology Corporation, Fastener Innovation Technologies, and CalScrew.
Support: Lazard is serving as financial advisor to Arcline, and Ropes & Gray is serving as legal counsel. Perella Weinberg Partners is serving as exclusive financial advisor to Avantus and Inflexion, and Willkie Farr & Gallagher is serving as legal counsel.
KEY QUOTES:
“Avantus has built a remarkable platform across product categories where operational excellence, qualification depth, and reliability are critical. The Company’s positions on the most important commercial and defense aircraft programs make it an ideal addition to the Novaria family. We look forward to partnering with the Avantus and Novaria teams to support continued investment in its business, people, and products.”
Arcline Investment Management
“Avantus is a tremendous addition to the Novaria family of brands. Their operational discipline, deep customer relationships, and leadership positions in shims and specialty fasteners are a natural complement to our capabilities. We look forward to partnering with Dan, Justin, and the broader Avantus team to support the next phase of growth across these exceptional businesses.”
Bryan Perkins, CEO of Novaria
“We are excited to partner with Arcline and the Novaria team as we enter this next chapter. With Arcline and Novaria backing us, we are well positioned to accelerate investment in our capabilities.”
Dan Strangio, CEO of Avantus, and Justin Tucker, CFO of Avantus
