MB Aerospace Holdings Ltd. has purchased Delta Industries Inc.
The Hartford, Conn.-based target manufactures parts for aero-engines. Terms of the deal were not disclosed.
The British buyer provides supply chain management, manufacturing and repair services to the aviation industry.
MB Aerospace is backed by Arlington Capital Partners.
Arlington is a private equity firm, headquartered in Washington, D.C., that has about $1.5 billion in committed capital under management. The firm focuses on the aerospace, defense, government services, software, health care, business services, education and training industries. Its other investments include Advanced Health Media, BrightStar Education Group and Compusearch.
MB Aerospace’s purchase follows acquisitions of several plane-parts manufacturers. TransDigm Group Inc. (NYSE: TDG) announced in May that it is buying Arkwin Industries Inc., which makes fuel system parts, for $286 million. The company previously announced it was acquiring Aerosonic Corp. (NYSE: AIM) for about $39 million. In May, Heico Corp. (NYSE: HEI.A, HEI) said it would purchase Reinhold Holdings.
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