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Business/Financial

KKR To Acquire Aerospace Components Supplier Novaria Group

By Cal Biesecker

Monday, November 25th, 2019

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KKR To Acquire Aerospace Components Supplier Novaria Group

Novaria Group's Space-Lok business unit makes a range of fastener products. Photo: Novaria Group

The investment firm KKR [KKR] on Monday said it has agreed to acquire the holding company Novaria Group, a supplier of precision aerospace components to commercial and defense customers. Terms of the deal, which is expected to close by the first quarter of 2020 pending regulatory approvals, were not disclosed. Novaria Group is based in Texas and is owned by Rosewood Private Investments and Tailwind Advisors. “Our team has been in search of a differentiated platform in the commercial aerospace…

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