Key Takeaways
- • I Squared Capital is in advanced discussions to acquire Orizon Aerostructures in a transaction valuing the business at approximately $2bn, according to Bloomberg.
- • Orizon, a Kansas City-based manufacturer of structural components for commercial and military aircraft, supplies Lockheed Martin's F-35 and Boeing's 737 Max programs.
- • Orizon reported a backlog exceeding $3.1bn last year, supported by a multiyear Lockheed Martin contract.
- • The deal would mark a significant expansion into aerospace and defence for I Squared, which manages approximately $60bn and has historically focused on energy, transportation, utilities and digital infrastructure.
- • A transaction could be announced as soon as the week of the report, but negotiations are ongoing and no agreement has been finalised.
Summary
Infrastructure investment manager I Squared Capital is in advanced discussions to acquire US aerospace manufacturer Orizon Aerostructures in a transaction valuing the business at approximately $2bn, according to a report by Bloomberg. The talks reflect growing private capital interest in aerospace manufacturing, driven by defence spending and demand for established production capacity.
Kansas City-based Orizon manufactures structural components for commercial and military aircraft, including parts for Lockheed Martin's F-35 fighter jet and Boeing's 737 Max. The company reported a backlog exceeding $3.1bn last year, supported by a multiyear contract with Lockheed Martin.
The proposed acquisition would be a significant step into aerospace and defence for I Squared, which manages approximately $60bn and has historically concentrated on investments in energy, transportation, utilities and digital infrastructure. Orizon previously received a $50m investment from private equity firm American Industrial Partners in 2020.
According to the Bloomberg report, a transaction could be announced as soon as this week. Negotiations remain ongoing, however, and no agreement has been finalised.
Kansas City-based Orizon manufactures structural components for commercial and military aircraft, including parts for Lockheed Martin's F-35 fighter jet and Boeing's 737 Max. The company reported a backlog exceeding $3.1bn last year, supported by a multiyear contract with Lockheed Martin.
The proposed acquisition would be a significant step into aerospace and defence for I Squared, which manages approximately $60bn and has historically concentrated on investments in energy, transportation, utilities and digital infrastructure. Orizon previously received a $50m investment from private equity firm American Industrial Partners in 2020.
According to the Bloomberg report, a transaction could be announced as soon as this week. Negotiations remain ongoing, however, and no agreement has been finalised.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.