Onex to invest in aerospace parts manufacturer AIT
Canadian private equity firm Onex Corp has agreed to invest in Advanced Integration Technology Inc (AIT), a provider of automation and tooling, maintenance services, and aircraft components to the aerospace industry. The transaction, the financial terms of which were not disclosed, is expected to be completed in December. The Plano, Texas-based AIT said the partnership with Onex will provide it with the resources and expertise necessary to support growth. The investment will be the first made by Onex Partners IV, which was closed in May with US$5.15 billion in total capital committed.
24 November 2014•3 mins read
