Since CVC Capital Partners acquired Ontic from BBA Aviation in 2019, the company has experienced significant growth. Ontic is now set to enter a new investment cycle to address the evolving needs of aircraft operators and licensors. This investment will focus on enhancing customer support teams, expanding repair capabilities, bolstering supply chain and sustainment engineering resources, and advancing data analytics capabilities.
These developments will strengthen Ontic's expertise in transitioning complex part manufacturing from licensors into its own facilities while maintaining or improving part availability for customers.
Alongside CVC Capital Partners continuing as the majority owner, Ontic is welcoming several new investors into minority positions. This revised investment structure will provide Ontic with the necessary capital to meet the increasing demand from global OEMs seeking to divest non-core products.
Gareth Hall, CEO of Ontic, commented, “Ontic celebrates 50 years of service this year and has seen robust growth since 2019 due to its unique value in the aerospace and defence sectors. We license mature product technologies, allowing OEMs to focus on next-generation innovations while ensuring part availability for the long-term life of their aircraft. I'm incredibly proud of our team's efforts in building Ontic into a successful independent entity since 2019. With this new investment, we look forward to welcoming additional people, licences, and sites as we continue to expand.”
James Mahoney, Partner at CVC Capital Partners, expressed enthusiasm about extending the partnership with Gareth and the Ontic team. He highlighted that with a strong pipeline of opportunities and Ontic's unique business model, the investment from both CVC and new partners will drive Ontic's ongoing growth.
With major facilities in the UK and both the East and West Coasts of the USA, Ontic is crucial to the supply chain for complex aerospace parts, offering stability to OEMs and their clients. Ontic currently supports over 80,000 in-service aircraft through nearly 200 licences and manufactures over 8,000 product lines for its 1,500 customers worldwide.
