Arcline Acquires Continental Aerospace

Nashville-based Arcline Investment Management recently announced it has entered into a definitive agreement to acquire the holding company of Continental Aerospace Technologies, Inc. for approximately $535 million. The delisting transaction is supported by irrevocable undertakings from the controlling shareholders, subsidiaries of Aviation Industry Corp. of China. Founded in 1905 and headquartered in Mobile, Continental designs and manufactures piston aircraft engines and provides related aftermarket products and services for the general aviation market. Its portfolio includes both AvGas and Jet-A engines, as well as aftermarket products and services that support a large global installed base of general aviation aircraft. J.P. Morgan Securities LLC is serving as exclusive financial advisor, and Freshfields LLP is serving as legal advisor to Arcline.