I Squared Capital has signed a definitive agreement to acquire Orizon Aerostructures, a maker of large structural components for commercial, defence and space aircraft, the firm said on 28 October 2026. Terms were not disclosed.
Why I Squared Capital is buying Orizon Aerostructures
I Squared described Orizon as one of North America's largest and most automated independent aerostructures manufacturers and framed the investment as backing essential industrial infrastructure in the aerospace supply chain as aircraft production rises.
“Expanding aircraft production requires investment in essential industrial infrastructure throughout the supply chain.”
Deal terms and financing
Financial terms were not disclosed. Bloomberg reported on 27 October, citing people familiar with the matter, that the deal would value Orizon at about US$2bn. Founders Charlie and Henry Newell will continue to run the company and sit on its board, and senior management will reinvest a meaningful portion of their equity.
Regulatory approvals and timing
The deal is subject to customary closing conditions and regulatory approvals and is expected to close in the fourth quarter of 2026.
Market context
Orizon's components are used on Lockheed Martin's F-35 fighter and Boeing's 737 MAX, and the company reported a backlog of more than US$3.1bn last year, according to Private Equity Wire. Orizon entered the sector in 2016 by taking over Spirit AeroSystems' operations in Chanute, Kansas.
