Fort Worth, Texas – Novaria Group, a portfolio company of Arcline Investment Management, has acquired Plasma Ruggedized Solutions (PRS), a San Jose, California-based provider of specialized coatings for sensitive electronic components. The acquisition, announced on , expands Novaria’s capabilities in advanced surface protection technologies, particularly for industries demanding high reliability in challenging environments.
PRS specializes in parylene coating, a conformal coating process, alongside potting and encapsulation solutions. These technologies are critical for protecting electronics operating in harsh conditions, where performance and reliability are paramount. The company serves the defense, medical, and advanced industrial sectors, providing solutions designed to withstand extreme temperatures, humidity, and corrosive agents.
“The acquisition of PRS is a strong strategic fit for Novaria,” stated Bryan Perkins, CEO of Novaria, in a press release. “PRS’s deep expertise in plasma technologies and material sciences enhances our capabilities in a highly technical and growing segment of the aerospace and defense market, while reinforcing our commitment to quality, reliability, and customer-focused solutions.”
The move comes as the aerospace and defense industries increasingly prioritize resilient electronics capable of operating in increasingly complex and demanding environments. Conformal coatings, like those offered by PRS, play a vital role in ensuring the longevity and functionality of critical systems, from missile guidance systems to medical implants.
Jim Stameson, CEO of PRS, echoed the sentiment, stating, “We are excited to open a new chapter in Plasma Ruggedized Solutions’ history as part of Novaria. Joining Novaria allows us to strengthen our operations and better support our customers’ needs.”
Founded in 1990, PRS has built a reputation for engineering expertise and quality manufacturing, serving a diverse customer base with specialized coating solutions. The acquisition by Novaria is expected to provide PRS with increased resources and operational support, enabling it to further expand its reach and capabilities.
Novaria Group, headquartered in Fort Worth, Texas, is a leading provider of niche engineered components and specialty processes for the aerospace and defense industries. The company’s portfolio includes a range of products and services, focused on delivering high-performance solutions for critical applications. The acquisition of PRS represents a further step in Novaria’s strategy of expanding its capabilities through strategic acquisitions.
The financial terms of the transaction were not disclosed. Alderman & Company served as the financial advisor to PRS during the acquisition process.
This acquisition occurs within a broader context of consolidation within the aerospace and defense supply chain. , Arcline Investment Management entered into a definitive agreement to acquire Novaria Group from KKR for a reported $2.2 billion. This earlier transaction signaled Arcline’s commitment to building a leading platform in the engineered components and specialty processes sector. The acquisition of PRS by Novaria, represents a continuation of this strategy, leveraging Arcline’s investment to strengthen Novaria’s position in the market.
Arcline Investment Management, with over $20 billion in assets under management, focuses on growth-oriented private equity investments. The firm’s investment in Novaria reflects a broader trend of private equity firms targeting companies with strong positions in the aerospace and defense industries, driven by increasing demand for advanced technologies and secure supply chains.
The demand for conformal coatings and related services is expected to continue growing, fueled by advancements in electronics, the increasing complexity of aerospace and defense systems, and the need for greater reliability in harsh environments. The acquisition of PRS positions Novaria to capitalize on these trends, offering a comprehensive suite of solutions to meet the evolving needs of its customers.
The integration of PRS into Novaria is expected to be seamless, with both companies sharing a commitment to quality, innovation, and customer satisfaction. The combined entity will leverage the strengths of both organizations to deliver enhanced value to customers and drive further growth in the aerospace, defense, and medical sectors.
