The Blackstone Group LP (NYSE: BX) is acquiring aerospace engine maker MB Aerospace from Arlington Capital Partners.

MB Aerospace manufactures parts that are used to build airplane engines for clients that include Pratt & Whitney, General Electric Co. (NYSE: GE) and Boeing Co. (NYSE: BA). MB Aerospace CEO Craig Gallagher, who will continue to lead the Motherwell, Scotland-based company, says MB Aerospace will use Blackstone’s investment to grow organically and via acquisition. Arlington acquired MB Aerospace in 2013 and in that same year the target purchased Delta Industries.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.