FORT WORTH, Texas–(BUSINESS WIRE)–Novaria Group (“Novaria”), a portfolio company of Arcline Investment Management, today announced its acquisition of Plasma Ruggedized Solutions (“PRS”), a leading provider of high-reliability conformal coatings for sensitive electronics serving defense, medical, and advanced industrial applications.
PRS specializes in parylene coating, potting, and encapsulation solutions that protect electronics operating in harsh and demanding environments where performance and reliability are paramount. The acquisition further expands Novaria’s capabilities in advanced surface protection technologies for mission-critical electronics.
“The acquisition of PRS is a strong strategic fit for Novaria,” said Bryan Perkins, CEO of Novaria. “PRS’s deep expertise in plasma technologies and material sciences enhances our capabilities in a highly technical and growing segment of the aerospace and defense market, while reinforcing our commitment to quality, reliability, and customer-focused solutions.”
“We are excited to open a new chapter in Plasma Ruggedized Solutions’ history as part of Novaria,” said Jim Stameson, CEO of PRS. “Joining Novaria allows us to strengthen our operations and better support our customers’ needs.”
Alderman & Company served as the financial advisor to PRS on the transaction.
About Plasma Ruggedized Solutions
Plasma Ruggedized Solutions is a leading provider of high-reliability conformal coatings for sensitive electronics serving defense, medical, and advanced industrial applications. PRS is known for its engineering expertise, quality, and decades of manufacturing experience. For more information, visit www.plasmarugged.com.
About Novaria Group
Headquartered in Fort Worth, TX, Novaria Group is a leading provider of niche engineered components and specialty processes that serve the aerospace and defense industries. With a mission to improve the aerospace supply chain, Novaria is dedicated to delivering exceptional customer service and quality to its customers. Novaria’s range of products and capabilities position it as a trusted partner to over 3,000 customers. For more information on Novaria’s business units, please visit www.novariagroup.com.
About Arcline Investment Management
Arcline Investment Management is a growth-oriented private equity firm with over $20 billion in assets under management. Arcline seeks to build the next generation of Industrial Compounders – market-leading, non-disruptible industrial platforms designed to consistently grow earnings over decades. For more information visit www.arcline.com.
Contacts
Media Contacts:
Novaria:
Dragana Repaja, [email protected]
Arcline:
Tim Ragones / Alexander Wolfsohn
Joele Frank, Wilkinson Brimmer Katcher
[email protected]
(212) 355-4449
