I Squared Capital nears $2bn acquisition of F-35 supplier Orizon
Infrastructure investment manager I Squared Capital is in advanced discussions to acquire US aerospace manufacturer Orizon Aerostructures in a transaction valuing the business at approximately $2bn, according to a report by Bloomberg.
I Squared Capital, a prominent infrastructure investment manager, is reportedly in advanced talks to acquire aerospace manufacturer Orizon Aerostructures for around $2 billion, according to Bloomberg. The Kansas City-based company specializes in producing structural components for commercial and military aircraft, including those for Lockheed Martin’s F-35 fighter jet and Boeing’s 737 Max.
Orizon reported a backlog surpassing $3.1 billion last year, backed by a multiyear contract with Lockheed Martin. The proposed acquisition would represent a substantial expansion into aerospace and defense for I Squared, which manages about $60 billion in assets and has typically focused on investments in energy, transportation, utilities, and digital infrastructure.
The private equity firm American Industrial Partners invested $50 million in Orizon back in 2020. The discussions come as private capital shows growing interest in aerospace manufacturing, fueled by defense spending and the need for reliable production capacity. The deal could potentially be announced as early as this week, though negotiations are still ongoing and no final agreement has been reached.
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