Houlihan Lokey Advises Onboard Systems International

Houlihan Lokey is pleased to announce that Onboard Systems International (Onboard Systems), a portfolio company of Liberty Hall Capital Partners (Liberty Hall), has been acquired by Arcline Investment Management (Arcline).

Founded in 1975, Vancouver, Washington-based Onboard Systems is the leading provider of external cargo equipment for civil and military helicopters with over 5,000 proprietary products designed into more than 30 helicopter programs serving over 1,000 original equipment and aftermarket customers. Globally recognized as a technology and performance leader, Onboard Systems provides suspension systems, cargo hooks, human external cargo systems, and load weigh systems serving every significant helicopter original equipment manufacturer and most every significant helicopter platform.

Liberty Hall Capital Partners is a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry. Liberty Hall’s principals have a 25+ year history of working together and have led the investment of $2.5 billion in equity capital in over 25 businesses serving multiple segments of the aerospace and defense industry.

Arcline is a growth-oriented private equity firm that seeks to invest in thriving middle-market businesses in high-value industries. The firm’s primary sectors of interest include defense, aerospace, critical infrastructure services, industrial and medical technology, life sciences, and specialty materials. Launched in 2019, Arcline currently has $4.3 billion in cumulative capital commitments.

Houlihan Lokey served as the exclusive sellside financial advisor to Liberty Hall. Houlihan Lokey’s Aerospace, Defense & Government (ADG) practice within the global Industrials Group is a leading M&A advisor to aerospace, defense, and government services companies. Since the beginning of 2020, the team has closed more than 45 transactions worth more than $9.5 billion in enterprise value. With a staff of approximately 30 investment bankers in Washington, D.C., London, and Los Angeles, Houlihan Lokey’s ADG practice is among the largest dedicated industry banking groups worldwide. In 2020, the Industrials Group was once again ranked as the No. 1 M&A advisor for all U.S. industrial transactions, according to Refinitiv.