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BBA Aviation plc has entered into an agreement to sell Ontic, a provider of OEM-licensed parts for legacy aerospace platforms, to CVC Fund VII for an enterprise value of $1.365 billion. Completion is expected in Q4 2019.
British aviation services provider BBA Aviation acquired Firstmark Corp, a US manufacturer of components for aerospace and defence, for $97 million. Firstmark will operate under Ontic, a BBA Aviation subsidiary.
Ontic, a subsidiary of BBA Aviation, announced an agreement to acquire Firstmark Corp., a provider of engineered components for aerospace and defense. The acquisition is expected to close in late 2018.