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Business/Financial

Private Equity Firm Blackstone To Acquire MB Aerospace

By Cal Biesecker

Monday, October 26th, 2015

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Private Equity Firm Blackstone To Acquire MB Aerospace

MB Aerospace Chief Craig Gallagher. Photo: MB Aerospace

The private equity firm Blackstone Group [BX] on Monday said it has agreed to acquire aerospace engine component manufacturer MB Aerospace from another investment firm, Arlington Capital Partners.Terms of the deal, which is expected to close later this year, were not disclosed. Craig Gallagher, MBAe’s CEO since 2003, and the rest of the company’s management team will remain in place.Blackstone’s investment “provides us with a huge opportunity to invest in our people and to continue to grow both organically and…

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