NEW YORK–(BUSINESS WIRE)–Sterlington advised the management team of Novaria Group (“Novaria”), a leading provider of engineered aerospace components and specialty processes, on executive compensation arrangements related to the recently announced $2.2 billion sale of the company to Arcline Investment Management from KKR.
Founded in 2011 by CEO Bryan Perkins and backed by KKR since 2020, Novaria has more than tripled in size over the past five years, completing 13 strategic add-on acquisitions that broadened its product portfolio and enhanced its manufacturing footprint. Today, the company serves more than 3,000 customers globally.
The transaction is subject to customary closing conditions and regulatory approvals.
Executive Compensation partner Jeremy L. Goldstein and M&A partner Christopher S. Harrison led the Sterlington team, with support from partners Kristy Fields, Michael Gilligan, and Robert Kantowitz, as well as associate Stefania Olmos.