Arcline Investment Management to Acquire Hartzell Aviation
Piqua, Ohio, Oct. 16, 2023 – Arcline Investment Management (“Arcline”), a growth-oriented private equity firm, today announced that it has signed a definitive agreement to acquire Hartzell Aviation (“Hartzell” or the “company”) from Tailwind Technologies.
Hartzell designs and manufactures proprietary aircraft subsystems and aftermarket components. The company operates two complementary business units: Hartzell Propeller and Hartzell Engine Tech. Hartzell Propeller is a global leader in the design and manufacture of high-performance propeller systems, components, and related accessories. Hartzell Engine Tech is a leading designer, manufacturer, and supplier of aircraft engine accessories and adjacent products, including turbochargers, alternators, starters, starter adapters, fuel pumps, magnetos, cabin heaters, exhaust systems, and engine mounts.
Arcline commented, “As investors exclusively focused on Critical Suppliers to Critical Industries, Hartzell’s portfolio of flight-critical propeller and engine subsystems for a large and long-lived installed base fits perfectly with Arcline’s strategy. We are excited to partner with the Hartzell team to carry on its legacy generated over the past 100 years and facilitate the company’s next phase of growth.”
“Our family has been blessed to be the stewards of Hartzell Aviation for 37 years. As we look to the future, we believe Arcline fully embraces our core value – Built on Honor – and will bring the skills and resources to build on over a century of excellence and innovation,” said Jim Brown, President of Hartzell Aviation.
BMO Capital Markets served as financial advisor to Arcline in connection with the transaction. RBC Capital Markets, LLC served as financial advisor to Tailwind Technologies.
