Arcline Investment Management to Acquire Novaria Group from KKR for $2.2 Billion

Novaria Group Acquires Advanced Coating

January 25, 2022

Manufacturing

Novaria Group, a Fort Worth-based manufacturer of specialty hardware for the aerospace and defense industries, has acquired Advanced Coating, a Rancho Cucamonga-based provider of Parylene conformal coating and surface enhancement services. The deal brings Advanced Coating onto Novaria's platform to expand coating capabilities and support growth across military, avionics, industrial electronics and medical device markets; terms were not disclosed.

Novaria Group to Acquire Stroco Manufacturing

July 19, 2022

Aerospace & Defense

Novaria Group has signed an agreement to acquire Stroco Manufacturing, Inc., a defense and aerospace specialty hardware supplier. The deal is expected to close in the same month, subject to customary closing conditions, and Stroco will continue operations under the leadership of its current owner.

Novaria Group (with KKR) Acquires The Young Engineers, Inc.

March 9, 2021

Aerospace & Defense

Novaria Group, with equity partner KKR, has acquired The Young Engineers, Inc., a Southern California manufacturer of aerospace fasteners and inserts. The deal strengthens Novaria's aerospace fastener capability and expands its portfolio of proprietary and qualified products; terms were not disclosed.

Arcline Investment Management Acquires Kaman for About $1.8 Billion

January 19, 2024

Industrial Services

Arcline Investment Management, L.P., a growth-oriented private equity firm, agreed to acquire Kaman Corporation in an all-cash transaction valued at approximately $1.8 billion. Under the terms of the deal, Kaman shareholders receive $46.00 per share, and Kaman will become a privately held company. The acquisition was completed in 2024, with Kaman stock delisted from the New York Stock Exchange.

Novaria Group Acquires Precision Aero Corp (fusible plug business) from PPMG

July 16, 2025

Aerospace & Defense

Novaria Group has acquired Precision Aero Corp (PAC), the fusible plug and specialty aftermarket components business previously owned by Precision Products Machining Group (PPMG). PAC will continue to operate from its Troy, Ohio facility with existing site leadership, and the acquisition expands Novaria's portfolio of safety-critical aerospace components and material-science capabilities.

Novaria Group Acquires Bandy Manufacturing

January 21, 2025

Aerospace & Defense

Novaria Group has acquired Bandy Manufacturing, LLC from private equity owner JW Hill Capital. Bandy, a longtime producer of precision aerospace hinges and pins based in Burbank, California, will continue operations under President Roger Seaman; terms were not disclosed.