OEM provider Ontic finalises partnership worth $1.3 billion

OEM parts provider Ontic has finalised its partnership with CVC Fund VII, in a deal valued at over $1.3 billion. Ontic, headquartered in the UK, provides a value-added solution to both OEMs and their clients, by taking on responsibility for the supply and repair of complex parts for mature platforms. The company supports more than 39,000 in-service aircraft through its portfolio of over 165 licenses for more than 7,000 parts. It has over 1,200 valued customers worldwide. Gareth Hall, Ontic CEO, said: “We are thankful for all of the support we received from BBA Aviation and we are looking forward