Ontic Engineering & Manufacturing UK Ltd
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Ontic Engineering & Manufacturing UK Ltd - overview
Established
1974
Location
Chatsworth, CA, US
Primary Industry
Aerospace
About
Ontic Engineering & Manufacturing UK Ltd specializes in providing certified aircraft parts and comprehensive maintenance, repair, and overhaul services, enhancing the operational capabilities of various aircraft systems globally. Founded in 1974 and headquartered in Chatsworth, US, Ontic provides essential aviation support services. The company has undergone multiple changes to enhance its operational focus and efficiency. In May 2024, CPP Investment Board acquired Ontic Engineering & Manufacturing UK Ltd from CVC for USD 450 mn.
The CEO is Gareth Hall, who has an extensive background in the engineering sector. Ontic specializes in the supply of established, certified aircraft parts and comprehensive maintenance, repair, and overhaul (MRO) services. The company’s core offerings encompass a wide array of products that support various major aircraft systems, including avionics, hydraulics, and pneumatics, with a portfolio exceeding 6,500 top-level assemblies. Ontic's services are designed to enhance the operational efficiency and safety of aircraft, facilitating the longevity of fleets in commercial aviation, military, rotorcraft, and business aviation sectors.
The company primarily serves OEM partners, commercial airlines, governmental entities, and military markets across North America, Europe, and Asia, enabling these clients to focus on future innovations while ensuring the continuous availability and reliability of established aircraft parts. In the most recent fiscal year of 2023, Ontic generated revenue of USD 167. 93 mn and reported an EBITDA of USD 64. 99 mn.
The company engages in transactions primarily with OEM manufacturers and large-scale aviation operators through a B2B model, involving licensing agreements that allow OEMs to divest their product lines to Ontic. In May 2024, the acquisition by CPP Investment Board is expected to support Ontic Engineering & Manufacturing UK Ltd's growth. The company plans to expand its market presence and product offerings, focusing on new geographic regions and potentially launching additional products tailored to client needs, although specific launch dates and product details have not been disclosed.
Current Investors
CPP Investment Board, CVC Credit Partners
Primary Industry
Aerospace
Sub Industries
Engineering, Aerospace
Website
www.ontic.com
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
Ontic Engineering & Manufacturing UK Ltd - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Ontic Engineering & Manufacturing UK Ltd | - | ||||||||
| LP Direct, Trade Sale | Completed | Ontic Engineering & Manufacturing UK Ltd | - | ||||||||
| Add-on | Completed | JT15D Engine Parts of Pratt & Whitney Canada Corp. | - | ||||||||
| Corporate Carve Out | Completed | Ontic Engineering & Manufacturing UK Ltd | - | ||||||||
| Trade Sale | Completed | Firstmark Corporation | - |
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