M&A Deal Summary

Arcline Investment Management Acquires Novaria Group

On November 10, 2025, private equity firm Arcline Investment Management acquired aerospace company Novaria Group from KKR for 2.2B USD

Acquisition Highlights
  • This is Arcline Investment Management’s 6th transaction in the Aerospace sector.
  • This is Arcline Investment Management’s largest (disclosed) transaction.
  • This is Arcline Investment Management’s 26th transaction in the United States.
  • This is Arcline Investment Management’s 3rd transaction in Texas.

M&A Deal Summary

Date 2025-11-10
Target Novaria Group
Sector Aerospace
Buyer(s) Arcline Investment Management
Sellers(s) KKR
Deal Type Secondary Buyout
Deal Value 2.2B USD

Target

Novaria Group

Ft. Worth, Texas, United States
Novaria Group is a cohesive family of precision aerospace & defence component companies, a sum made greater by the value of its parts, that consistently delivers optimum performance and sustainable growth. Novaria Group was founded in 2011 and is based in Fort Worth, Texas.

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Buyer(S) 1

Buyer
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 30 of 31
Sector: Aerospace M&A 6 of 6
Type: Secondary Buyout M&A Deals 8 of 8
State: Texas M&A 3 of 3
Country: United States M&A 26 of 27
Year: 2025 M&A 2 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-09 Rotating Machinery Services

Bethlehem, Pennsylvania, United States

Rotating Machinery Services is a provider of specialty aftermarket repair, maintenance, and overhaul services for large, highly engineered rotating machinery. RMS’s solutions improve performance and extend the useful life of complex machinery used in customers’ critical industrial processes. Rotating Machinery Services was founded in 1997 and is based in Bethlehem, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-02 American Casting

Hollister, California, United States

American Casting specialises in casting complex, tight-tolerance geometries from superalloys and other difficult‑to‑pour materials, enabling customers to achieve lighter‑weight designs, higher operating temperatures and improved performance. American Casting was founded in 1974 and is based in Hollister, California.

Buy -

Seller(S) 1

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 215 of 215
Sector: Aerospace M&A 2 of 2
Type: Secondary Buyout M&A Deals 41 of 41
State: Texas M&A 11 of 11
Country: United States M&A 94 of 94
Year: 2025 M&A 5 of 5
Size (of disclosed) 19 of 40
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-20 Peak Re

Hong Kong, China

Peak Re is a reinsurance specialist that supports the growth and stability of societies and communities in Asia and beyond. It offers net reinsurance premiums written1, with a strong commitment to innovation and delivering value to partners. Peak Re was formed in 2012 and is based in Hong Kong.

Buy -