Following receipt of shareholder and regulatory approvals, Ontic, a leading provider of high-quality, OEM-licensed parts for mature aerospace platforms, has successfully finalized its partnership with CVC Fund VII, in a deal valued at over $1.3 billion.
Headquartered in Cheltenham, UK, Ontic provides a value-added solution to both OEMs and their clients, by taking on responsibility for the supply and repair of complex parts for mature platforms. The company supports more than 39,000 in-service aircraft through its portfolio of over 165 licenses for more than 7,000 parts. It has over 1,200 valued customers worldwide.
Gareth Hall, CEO of Ontic, said “We are thankful for all of the support we received from BBA Aviation and we are looking forward to our continued success and future growth with CVC. This is an exciting time for our bu...
31October2019| 07:30 AM America/Los_AngelesOntic Sale to CVC Fund VII Successfully Completed
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