Hartzell Propeller Acquires WhirlWind Propellers

Arcline Investment Management Acquires Hartzell Aviation

October 16, 2023

Aerospace & Defense

Arcline Investment Management, a growth-oriented private equity firm, has signed a definitive agreement to acquire Hartzell Aviation from Tailwind Technologies. Hartzell, headquartered in Piqua, Ohio, designs and manufactures aircraft propellers and engine accessories through its Hartzell Propeller and Hartzell Engine Tech business units; Arcline said the acquisition fits its strategy of investing in critical suppliers and will support the company's next phase of growth.

Hartzell Engine Tech Acquires Kelly Aero LLC

November 27, 2023

Manufacturing

Hartzell Engine Tech has acquired Kelly Aero LLC, an aftermarket maker of aircraft magnetos, replacement parts, and ignition harnesses, adding roughly 40 employees and manufacturing capacity in Montgomery, Alabama. Hartzell will evaluate the products in 2024, pursue PMA approval, and plans to rebrand the line as PowerUp Ignition Systems while integrating production into its Montgomery facility and service work at sister company Quality Aircraft Accessories.

Newlight Partners Makes Equity Investment in Propeller Industries

August 20, 2020

Accounting & Tax

Affiliates of Newlight Partners LP have made an equity investment in Propeller Industries, a provider of financial management and accounting services for venture-stage companies. The growth investment will be used to accelerate organic growth, expand Propeller's technology platform, and support acquisitions; terms were not disclosed.

Whitcraft Group Acquires Assets of EvoAero and Condor Industries

December 17, 2019

Aerospace & Defense

Whitcraft Group, an Eastford, Connecticut-based aeroparts manufacturer, acquired substantially all assets of EvoAero, Inc. (Evolution Aero) in Windsor, CT and Condor Industries, LLC in Fort Lauderdale, FL. The deal increases Whitcraft's production capacity and expands its reach into the power generation market while consolidating complementary aerospace manufacturing capabilities.

Windings Inc. Acquires McCully Corporation

November 30, 2022

Manufacturing

Windings Inc., an employee-owned manufacturer of precision engineered motors, acquired McCully Corporation on November 30, 2022. The acquisition gives Windings a California location to accelerate deliveries and expand capacity on the U.S. West Coast while adding McCully's engineering and electro-magnetic manufacturing capabilities for aerospace and defense customers.

Tailwind Capital Acquires RANDYS Worldwide Automotive

May 1, 2019

Automotive

Tailwind Capital, a New York-based middle market private equity firm, announced the acquisition of RANDYS Worldwide Automotive, a designer and asset-light supplier of engineered drivetrain products for the automotive aftermarket. Tailwind said it will partner with RANDYS' management to leverage the company's brands and customer loyalty to grow the business through new product lines and channels.