Private equity acquires Alabama aviation company for $535 million

Nashville-based Arcline Investment Management is moving to acquire Mobile’s Continental Aerospace Technologies for about $535 million.

Founded in 1905, Continental is an aircraft engine manufacturer located at the Brookley Aeroplex. It designs and manufactures piston aircraft engines and related aftermarket products.

Arcline Investment Management is a private equity firm with more than $30 billion in assets under management…

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