I Squared Capital has plans to acquire Orizon Aerostructures, an advanced manufacturer of large, complex structural components and subassemblies for commercial aviation, defense and space applications, based in Kansas City, Mo. Financial terms were not disclosed.
According to I Squared, aerospace supply constraints are creating a significant need for investment in qualified manufacturing capacity, with the International Air Transport Association reporting the global aircraft order backlog exceeded 18,000 in June. Rising defense spending and growth in space infrastructure also are adding to that demand. Furthermore, years of underinvestment have constrained manufacturing capacity, which specialist suppliers such as Orizon, one of North America’s largest, most automated independent aerostructures manufacturers, can help alleviate.
I Squared said the acquisition represents an opportunity to capitalize on multidecade growth in aviation through a highly specialized, regul
