Arcline Investment Management acquires Continental Aerospace Technologies, Inc.
The $535 million delisting transaction centers on a Mobile, Alabama aircraft-engine manufacturer serving owners, operators and OEM customers in general aviation.
Arcline Investment Management acquired Continental Aerospace Technologies, Inc., Designer and manufacturer of piston aircraft engines and aftermarket products for general aviation.
The company was founded in 1905 and is headquartered in Mobile, Alabama, where it supports a global installed base of general aviation aircraft.
The delisting transaction is valued at approximately $535 million and is supported by irrevocable undertakings from controlling shareholders that are subsidiaries of Aviation Industry Corporation of China.
Continental’s portfolio includes AvGas and Jet-A engines, along with aftermarket products and services for aircraft owners, operators and OEM customers.
Arcline Investment Management has more than $30 billion in assets under management; J.P. Morgan Securities LLC is serving as exclusive financial advisor and Freshfields LLP is serving as legal advisor to Arcline.
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