Arcline Investment Management, an esteemed private equity firm with assets valued at $8.9 billion, has successfully completed the acquisition of Hartzell Aviation from Tailwind Technologies. This acquisition encompasses both of Hartzell Aviation's business units, which encompass the propeller division and Hartzell Engine Tech, known for manufacturing a range of engine subsystems, from turbochargers to engine mounts.
Jim Brown, President of Hartzell Aviation, expressed the sentiment of the deal, stating, "Our family has been blessed to be the stewards of Hartzell Aviation for 37 years. As we look to the future, we believe Arcline fully embraces our core value – Built on Honor – and will bring the skills and resources to build on over a century of excellence and innovation."
Arcline has pledged to uphold Hartzell Aviation's rich history, spanning more than a century, and has plans to propel the company into a new era of growth. In a statement, Arcline emphasized that the partnership aligns with its strategy, focusing on critical suppliers serving vital industries. It expressed excitement to collaborate with the Hartzell team, carry on its storied legacy, and usher in the company's next phase of expansion.