Maintenance and Modifications
CVC Capital Closes On Acquisition of Ontic
BBA Aviation's sale of Ontic to CVC Capital Partners was valued at more than $1.3 billion.
Ontic, a manufacturer of OEM-licensed parts for legacy aircraft, has grown its revenue by almost $210 million under nearly 13 years of ownership by BBA Aviation. (Photo: Ontic)
Ontic, a manufacturer of OEM-licensed parts for legacy aircraft, has grown its revenue by almost $210 million under nearly 13 years of ownership by BBA Aviation. (Photo: Ontic)

CVC Capital Partners’ CVC Fund VII has completed its purchase of BBA Aviation’s Ontic, a manufacturer of OEM-licensed parts for legacy aircraft, in a deal valued at more than $1.3 billion. The deal, first announced in July, offers Ontic a new financial partner that can respond quickly to new business opportunities that Ontic identifies, CEO Gareth Hall told AIN.