Arcline Investment Management ("Arcline"), a growth-oriented private equity firm, announced that it has acquired a controlling stake in Air Comm Corporation ("Air Comm," "ACC" or the "Company") in a transaction that values the Company at $250 million. Dave Harrison will remain a significant minority shareholder and serve as Chairman of Air Comm's Board of Directors.

Air Comm designs, manufactures, and services environmental control systems ("ECS"), thermal management systems and other accessories for the aerospace and defense industry. The Company serves a global customer base of leading OEMs, fleets, and aftermarket service providers from its world-class team and manufacturing facility located in Westminster, Colorado.

Arcline commented, "The whole ACC team has done an impressive job building a scaled business offering high-quality, differentiated ECS solutions to meet demanding needs of OEM and aftermarket customers in the general aviation and rotary aircraft end-markets. We believe that the Company's strong market positioning, growth-oriented culture and high-quality product offering make it a great fit within the Arcline portfolio. We are excited to partner with Dave to execute on our shared strategic plan for organic and inorganic growth."

Dave Harrison, Chairman of ACC, added, "We at Air Comm are excited to partner with Arcline in the next chapter of ACC's growth. We see tremendous opportunity to expand our core capabilities in MRO, deliver faster turnaround times and create innovative ECS solutions for our customers. We believe Arcline's aerospace and defense domain knowledge and experience will enable ACC to accelerate these initiatives."

Lazard Ltd. served as financial advisor to Arcline in connection with the transaction. ANV Partners and Houlihan Lokey served as financial advisors to Air Comm.