The Brown family, owners of Hartzell Aviation for the past 37 years, has decided to sell the operation to private equity firm Arcline Investment Management. The sale is to be finalized some time in the next 30 days. Hartzell Aviation has three businesses under it’s umbrella, Hartzell Propeller, Hartzell Aerospace Welding and Hartzell Engine Tech, makers of various engine accessories from engine mounts to exhaust systems and turbochargers.
Jim Brown, current Hartzell President says:
…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
From the front page of Arcline Investment Management:
Arcline Investment Management is a growth-oriented private equity firm with $8.9B in cumulative capital commitments. Arcline invests in niche, technology driven businesses in high value industries such as defense, aerospace, industrial technology, life sciences, energy transition and specialty materials.https://arcline.com
It will be interesting to see how this sale may change the operation of Hartzell Aviation as the new management team assumes leadership roles.