Novaria group CEO Bryan Perkins [Composite image; source: Novaria Group/DI Studio]
Fort Worth-based aerospace company Novaria Group is being acquired by private equity firm Arcline Investment Management in an all-cash deal valued at roughly $2.2 billion.
Novaria Group is a provider of engineered aerospace components and specialty processes. Nashville-based Arcline is a growth-oriented private equity firm with more than $20 billion in assets under management.
Founded in 2011 by CEO Bryan Perkins, Novaria has assembled a family of suppliers that deliver “exceptional performance” for the aerospace and defense industry, the company said. Its niche products support more than 3,000 customers and can be found on almost every Boeing and Airbus commercial aircraft in service.
“Novaria is committed to building an enduring, trusted partner to the global aerospace industry,” Perkins said in a statement. “Arcline’s deep aerospace experience and growth mentality align perfectly with our long-term vision for Novaria.”
Novaria Group’s mission is to improve the aerospace supply chain, the company said.
Culture rooted in ‘innovation and customer service’
Arcline said its leaders are excited about the acquisition.
“Novaria has a proven track record of identifying, acquiring, and growing niche aerospace product businesses that share a common culture rooted in innovation and customer service,” the company said in a statement. “We’re excited to partner with Bryan and the entire Novaria team to continue executing this strategy.”
Guggenheim Securities served as financial advisor, and Ropes & Gray LLP and Paul Hastings LLP served as legal advisors to Arcline.
Other Novaria deals
Novaria Group has made acquisitions of its in 2025.
In January, Novaria announced it had acquired Bandy Manufacturing from JW Hill Capital in a deal involving two aerospace companies.
“The acquisition of Bandy aligns perfectly with Novaria’s mission to deliver exceptional value to our customers in the aerospace and defense industries,” Perkins said at the time. “Bandy’s expertise in aerospace hinges and pins, combined with its legacy of innovation and excellence, enhances our ability to serve a critical need in the market.”
Terms of that deal were not disclosed.
In July, Novaria announced that it acquired Precision Aero Corp (PAC), a subsidiary of Precision Products Machining Group.
“The acquisition of PAC supports Novaria’s continued commitment to enhancing the aerospace supply chain,” Perkins said in July. “PAC’s technical expertise and proprietary products enhance our ability to serve key customers and expand our portfolio of safety-critical components.”
Terms of that deal also were not disclosed.
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R E A D N E X T
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Novaria is a leading manufacturer of specialty components and hardware for the aerospace and defense industries. Bandy is a leader in the production of “tight tolerance” hinges and pins for both sectors.
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Headquartered in Troy, Ohio, Precision Aero Corp. is a leader in the manufacturing of fusible plugs and specialty aftermarket components for safety-critical aerospace applications.