Ontic is preparing for a further cycle of growth and investment to meet the needs of aircraft operators and licensors with investment in enhanced customer support teams, dedicated repair capabilities, further supply chain and sustainment engineering resource, and sector-leading data analytics capabilities.
Ontic says the company plays a critical role in the supply chain of complex aerospace parts, providing OEMs and their clients with stability. The company has facilities in the UK and East and West Coast USA and supports more than 80,000 in-service aircraft through its portfolio of nearly 200 licenses.
When it comes to its products, Ontic manufactures over 8,000 product lines, supporting original equipment manufacture, as well as spares and repairs.
Ontic is renewing CVC Capital Partners’ role as majority owner and introducing a number of new investors into minority positions. Gareth Hall, CEO of 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.”
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.”
