What Happened
US Private Equity Firm Expands Aerospace Portfolio
US private equity firm Arcline Investment Management has entered into a definitive agreement to acquire Continental Aerospace Technologies, a leading manufacturer of piston and turbine aircraft engines, for $535 million. The deal marks a return to US ownership for Continental, which has been under Chinese ownership since 2011. Continental is a critical supplier to the general aviation market, providing piston engines, diesel engines, and aftermarket support. The acquisition is part of Arcline’s growing aerospace and defense portfolio, which includes Hartzell Aviation and Kaman Corporation. The deal was reported by AeroTime.