Blackstone Completes Acquisition of MB Aerospace
New York, New York, December 16th, 2015. Blackstone (NYSE:BX) and MB Aerospace announced today that private equity funds managed by Blackstone have successfully completed the acquisition of MB Aerospace, a leading Tier I engine component manufacturer and repair business, from Arlington Capital Partners.
MB Aerospace has facilities across the U.S., U.K., and Poland. The company has a well-balanced manufacturing model providing complex machined and fabricated assemblies into production and aftermarket applications across an installed base of 65 aero-engine platforms. MB Aerospace’s key customers include Pratt & Whitney, Rolls-Royce, General Electric, Boeing, United Technologies Aerospace Systems, Pratt & Whitney AeroPower, GKN, Mitsubishi Heavy Industries, and the US Department of Defense.
The company’s experienced management team will remain in place and will continue to be led by Craig Gallagher, Chief Executive since 2003.
Blackstone was advised by Simpson Thacher & Bartlett LLP.
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Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with over $330 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
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