KKR Sells Novaria Group to Arcline for $2.2B in All-Cash Deal 

Private equity giant KKR, has landed a deal to sell aerospace manufacturer, Novaria Group, to Arcline Investment Management for $2.2 billion, in an all-cash deal, as the industry experiences an increase in aircraft production. 

Fort Worth, TX-based Novaria Group, which was founded in 2011 by CEO Bryan Perkins, was acquired by KKR in 2020 and has completed 13 acquisitions, boosting its manufacturing footprint in the sector. 

As part of the buyout, all of Novaria’s employees, who are part of KKR’s employee equity program, will receive cash payouts upon completion of the deal. 

“This transaction represents the success of our long-standing partnership with KKR and the dedication of the Novaria team,” Perkins said. “Novaria’s focus on customer partnership within the aerospace industry has driven remarkable results, and this outcome is a reflection of the collective effort and commitment of our colleagues.” 

KKR posted strong fundraising for its third-quarter earnings, bringing in $723 billion in total assets under management, which rose 16% year-over-year, with $43 billion of new capital raisedfor the quarter and $128 billion in the last 12 months. 

Recently, the private equity firm launched its latest platform, Galaxy Container Solutions, which is dedicated to marine container leasing and financing, in partnership with a team of industry veterans. 

In January, Arcline purchased Rotating Machinery Services, an equipment manufacturer that provides parts manufacturing, component repair, and engineering services. 

Arcline Investment Management, a private equity firm, manages over $20 billion in assets under management, the firm said.