Having grown significantly since CVC acquired Ontic from BBA Aviation in 2019, Ontic is preparing for a further cycle of growth and investment to meet the needs of aircraft operators and licensors. This will include investment in enhanced customer support teams, dedicated repair capabilities, further supply chain and sustainment engineering resource, and sector-leading data analytics capabilities.
These will reinforce Ontic’s unique abilities in the transition of complex part manufacture from licensors into Ontic’s facilities while maintaining or enhancing part availability to customers.
In addition to renewing CVC Capital Partners' role as majority owner, Ontic is introducing a number of new investors into minority positions. The new investment structure provides Ontic with the capital to continue meeting the growing desire of global OEMs to focus their portfolios by divesting non-core products.
Gareth Hall, CEO at Ontic, said “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. 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.
“I’m very proud of our employees - past and present - for all their hard work in building an independent and successful Ontic since 2019. With this new investment cycle, I look forward to welcoming many more people, licenses, and sites to Ontic as we continue to grow.”
With a strong pipeline of opportunities and Ontic’s unique business model, the investment from ourselves and new partners will enable Ontic to continue its strong growth trajectory.
James Mahoney Partner, CVC
Confirming the news, James Mahoney, Partner at CVC Capital Partners said: “We are very pleased to be continuing our partnership with Gareth and the team at Ontic. With a strong pipeline of opportunities and Ontic’s unique business model, the investment from ourselves and new partners will enable Ontic to continue its strong growth trajectory.”
With major facilities in the UK and East and West Coast USA, Ontic plays a critical role in the supply chain of complex aerospace parts, providing OEMs and their clients with stability. 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 OEM’s in-service aircraft, while supporting them to invest in new technologies and programs.
Ontic currently supports more than 80,000 in-service aircraft through its portfolio of nearly 200 licenses. It manufactures over 8,000 product lines (supporting original equipment manufacture as well as spares and repairs) for its 1,500 valued customers worldwide.