M&A Deal Summary

Arcline Investment Management Acquires Onboard Systems International

On October 12, 2021, private equity firm Arcline Investment Management acquired aerospace company Onboard Systems International from Liberty Hall Capital Partners

Acquisition Highlights
  • This is Arcline Investment Management’s 2nd transaction in the Aerospace sector.
  • This is Arcline Investment Management’s 17th transaction in the United States.
  • This is Arcline Investment Management’s 1st transaction in Washington.
Investment Fate
  • Onboard Systems International was sold to a strategic buyer in 2022.

M&A Deal Summary

Date 2021-10-12
Target Onboard Systems International
Sector Aerospace
Buyer(s) Arcline Investment Management
Sellers(s) Liberty Hall Capital Partners
Deal Type Secondary Buyout

Target

Onboard Systems International

Vancouver, Washington, United States
website
Onboard Systems International is a provider of external cargo handling equipment for airframe manufacturers, military forces, and commercial helicopter operators around the world. Onboard Systems International was founded in 1975 and is based in Vancouver, Washington.

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Buyer(S) 1

DESCRIPTION

Arcline Investment Management is a private equity firm that seeks to invest in niche, market-leading companies. Arcline is a generalist investor, however the Firm prefers businesses in the industrials, technology, life science, and chemicals sectors. The Firm targets businesses with $10 to $100 million of EBITDA and valued up to $1 billion. Arcline was formed in 2018 and has offices in New York City and San Francisco.


DEAL STATS #
Overall 19 of 27
Sector (Aerospace) 2 of 4
Type (Secondary Buyout) 4 of 6
State (Washington) 1 of 2
Country (United States) 17 of 23
Year (2021) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-27 Dwyer

Michigan, Indiana, United States

Dwyer designs and manufactures sensors and instrumentation solutions for the process automation, HVAC, and building automation markets. Dwyer was founded in 1931 and is based in Michigan, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Air Comm

Westminster, Colorado, United States

Air Comm engages in the development and manufacture of state-of-the-art bleed air heaters and vapor-cycle air conditioners for turbine helicopters and fixed-wing applications. Air Comm was founded in 1987 and is based in Westminster, Colorado.

Sell -

Seller(S) 1

DESCRIPTION

Liberty Hall Capital Partners is a private equity firm focused on investing in and acquiring businesses operating in the aerospace sector. Specific areas of interest include aerospace suppliers, aircraft finance, service providers, and MRO (maintenance, repair, overhaul) companies. Liberty Hall seeks to partner with entrepreneurs and management teams to identify and acquire leading businesses serving these segments. Liberty Hall Capital Partners was formed in 2011 and is based in New York City.


DEAL STATS #
Overall 3 of 4
Sector (Aerospace) 2 of 2
Type (Secondary Buyout) 2 of 2
State (Washington) 2 of 2
Country (United States) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-14 Comply365

Beloit, Wisconsin, United States

Comply365 is a provider of mobile-first, enterprise content management solutions to the aviation industry. Comply365’s solutions enable airline employees to access mobile manuals, complete checklists, review digital flight plans, complete training, and stay in compliance in a highly-regulated environment in real-time on any device. Comply365 was founded in 2007 and is based in Beloit, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-31 Bromford Group

Leicester, United Kingdom

Bromford Group is a provider of complex, close tolerance engine components, fabrications and assemblies for the global aerospace and power generation industries. Bromford Group is based in Leicester, United Kingdom.

Sell -