KKR has agreed to sell Novaria Group, a high-spec component supplier to Boeing, Airbus and other defense primes, to Arcline Investment Management for $2.2 billion in cash, the Wall Street Journal reports.

Since acquiring Novaria in 2020, KKR has tripled its size and completed 13 bolt-ons, including:

• Sky Aerospace Products in Commerce, CA;
• John Hassall, Inc. in Westbury, NY;
• Fastener Specialty, Inc. in
• Long-Lok Fasteners in Ohio and California;
• Space-Lok in Los Angeles;
• ESNA (Elastic Stop Nut Corporation of America) in Arkansas;
• Fitz Aerospace in Fort Worth, TX;
• The Young Engineers in Lake Forest, CA;
• and Hohman Plating in Dayton, OH.

Fort Worth-based Novaria Group provides fasteners and other products to the aerospace and defense industries.

With rising geopolitical tensions, reshoring imperatives, and sustained DoD investment, private equity firms are targeting high-margin, fragmented supply chains that offer both growth and resilience, according to the Journal.