Blackstone and MB Aerospace announced that private equity funds managed by Blackstone have successfully completed the acquisition of MB Aerospace, a Tier I engine component manufacturer and repair business, from Arlington Capital Partners. Blackstone was advised by Simpson Thacher & Bartlett on the transaction.

MB Aerospace has facilities across the U.S., UK and Poland. The company has a well-balanced manufacturing model providing complex machined and fabricated assemblies into production and aftermarket applications across an installed base of 65 aero-engine platforms. MB Aerospace’s key customers include Pratt & Whitney, Rolls-Royce, General Electric, Boeing, United Technologies Aerospace Systems, Pratt & Whitney AeroPower, GKN, Mitsubishi Heavy Industries and the U.S. Department of Defense.

The company’s management team will remain in place and will continue to be led by Craig Gallagher, chief executive since 2003.