Ontic has secured renewed investment by CVC Capital Partners as majority owner and is adding new minority investors. The investments support Ontic’s plans to continue growing and serving aircraft operators and licensors of aerospace products.
Ontic holds nearly 200 licenses from aerospace original equipment manufacturers (OEMs) and supports more than 80,000 in-service aircraft. It manufactures more than 8,000 product lines that enable aircraft to keep flying with spares that OEMs no longer manufacture.
According to Ontic, “By taking the responsibility for the supply and repair of these divested parts and the individual components within them, Ontic is able to sustain the OEMs’ in-service aircraft, while supporting them to invest in new technologies and programs.”
“Ontic has served the market for 50 years this year and has delivered strong growth since 2019 because it provides a unique and valuable service to the aerospace and defense industries,” said CEO Gareth Hall. “We license mature product technologies so that OEMs can focus on their future next-generation technology initiatives, and in doing so, we guarantee part availability to civil and military operators for the decades-long life of their aircraft. With this new investment cycle, I look forward to welcoming many more people, licenses, and sites to Ontic as we continue to grow.”