NOVARIA GROUP
Acquired by
ARCLINE INVESTMENT MANAGEMENT
NOVARIA GROUP acquired by ARCLINE INVESTMENT MANAGEMENT
Target
NOVARIA GROUP
Acquirer
ARCLINE INVESTMENT MANAGEMENT
Context
Arcline Investment Management has entered into a definitive agreement to acquire 100% of Novaria Group from KKR in an all-cash transaction. The deal marks a full exit for KKR, which had supported Novaria's rapid expansion since 2020. The strategic rationale for Arcline is to leverage Novaria as a premier platform for further consolidation in the highly fragmented aerospace component market. The transaction comes at a period of robust demand for commercial air travel and a significant ramp-up in OEM build rates (Boeing MAX, 777, and Airbus platforms). Arcline intends to partner with the existing management team, led by founder Bryan Perkins, to continue executing a strategy of innovation and niche acquisitions. The deal was advised by Guggenheim Securities (Financial) and Ropes & Gray LLP together with Paul Hastings LLP (Legal).
NOVARIA GROUP, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN as high as the 8.7x average currently observed in the Industry & Manufacturing sector.
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Target
Novaria Group is a leading premier provider of highly engineered niche components and specialty processes for the global aerospace and defense industries. Headquartered in Fort Worth, Texas, the company operates as a family of trusted suppliers delivering mission-critical hardware, including aerospace-grade washers, spacers, plain bearings, and engine components. Its products are essential to the structural integrity of aircraft and can be found on virtually every Boeing and Airbus commercial platform in service, as well as high-growth military programs like the F-35. The business model is centered on being a "one-stop-shop" for over 3,000 customers, leveraging significant sole-source content and a robust buy-and-build strategy that recently included the acquisition of Anillo Industries to expand its Airbus footprint.
Ent. Value
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with NOVARIA GROUP
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