ANAHEIM,
Calif., July 9, 2024 /PRNewswire/ -- Signia
Aerospace, a portfolio company of Arcline Investment Management,
today announced it has entered into a definitive agreement to
acquire the Goodrich Hoist & Winch business (the "Company") of
Collins Aerospace, an RTX Corporation business.
Goodrich Hoist & Winch is a leading provider of rescue
hoists and cargo winches, with more than 50 proprietary models
utilized by civil and military operators worldwide. The Company's
products are built to withstand extreme conditions, providing the
highest reliability and safety for search and rescue and other
human external cargo missions.
"Goodrich Hoist & Winch is a leader in helicopter rescue
equipment and will be an excellent addition to our Signia Mission
Systems business segment," said Norman
Jordan, Chief Executive Officer of Signia Aerospace.
"Combined, the complementary products designed and manufactured by
our companies play a significant role in multiple critical airborne
missions, including rescue and disaster relief operations across
the globe."
Cory VanBuskirk, President of
Signia Mission Systems, added, "The Goodrich Hoist & Winch
business is a perfect addition to our growing portfolio of
critical, multi-mission products serving helicopter operators and
rescue operations worldwide. This acquisition further increases
Signia Mission Systems value proposition to customers, including
through our commitment to the Company's next generation Pegasus™
Hoist development program."
Moelis & Company LLC is serving as exclusive financial
advisor to Signia Aerospace in connection with the acquisition.
About Signia Aerospace
Signia Aerospace is a global,
integrated provider of high-performance systems and specialized
components for the aerospace industry. Signia currently operates
two complementary business segments: Thermal Management (key brands
include ACE Thermal Systems and Mezzo Technologies) and Mission
Systems (key brands include Onboard Systems International,
Lifesaving Systems Corp. and Meeker Aviation). The Signia brands
are leaders in their respective categories and provide a compelling
value proposition to both aerospace and defense OEMs and operators.
For more information visit www.signiaaerospace.com.
About Arcline Investment Management
Arcline Investment
Management is a growth-oriented private equity firm with
$8.9 billion in cumulative capital
commitments. Arcline seeks to invest in technology-driven,
meaningful to the world industrial businesses that enable a better
future. For more information visit www.arcline.com.
Contact:
Ralph A. DeMarco
Chief Commercial Officer
Signia Aerospace
Ralph.DeMarco@SigniaAerospace.com
Tel: 727.403.4507
Contact:
Sheri Gormley
Marketing Manager
Onboard Systems International, LLC
Sheri@OnboardSystems.com
Tel: 360.546.3072, x 280
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SOURCE Signia Aerospace