Mobile-based Continental Aerospace sold for $535M
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Continental Aerospace Technologies, a Mobile-based aircraft engine manufacturing company, is being sold for roughly $535 million.
Arcline Investment Management has announced it has entered into a definitive agreement to acquire the holding company of Continental. The transaction is supported by “irrevocable undertakings from the controlling shareholders.”
“Continental is a highly respected platform with a long history of engineering leadership, trusted customer relationships and mission-critical products that support the global general aviation fleet. The Company’s technical capabilities, large installed base and reputation for reliability fit naturally alongside our aerospace and defense systems and subsystems strategy. We look forward to partnering with Continental’s management team and employees to support continued investment in the business and accelerate its next chapter of growth.”
Arcline Investment Management
Continental Aerospace Technologies to remain in Mobile
Founded in 1905, Continental is considered a leading designer and manufacturer of piston aircraft engines and provider of related aftermarket products and services for the general aviation market.
The company first moved some operations to Mobile in 1966. In 2019, Continental built a new facility in near the Mobile International Airport.
The Company’s 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.
The new ownership group has not announced any plans to move the company from Mobile.
