Dallas, Texas, January 1, 2015 - Rosewood Private Investments ("Rosewood") is proud to announce that its Aerospace and Defense platform, Novaria Group, LLC (“Novaria”) has acquired substantially all the assets of John Hassall, Inc (“John Hassall”), a provider of aircraft engine fasteners, bolts, blade locks and other flight critical hardware, located in Long Island, N.Y. The company also manufactures a diverse set of products for use in select automotive and industrial applications. The company holds a variety of key customer quality approvals as well as current AS9100C and Nadcap certifications.
G.T. Barden, Managing Director at RPI, stated, "Partnering with Novaria gives Rosewood strong operating capabilities within the aerospace sector. Our focus on creating and building value over the long term coincides nicely with their desire to build the company through select acquisitions over the next decade."
Earl Larkin, Novaria's Co-Founder & Executive Vice Chairman, commented, "Rosewood is the ideal partner for Novaria. Their team of investment professionals is top notch, and their structure as a family-backed investment group allows them flexibility and patience unique to private equity."
Rosewood Private Investments is the private equity arm of The Rosewood Corporation, a family- backed yet institutional firm with diverse worldwide operations and investments. Rosewood is wholly owned by the Caroline Hunt Trust Estate, which was established in 1935 by H.L. Hunt and built upon over generations by developing and acquiring businesses that are leaders in their respective industries. Our structure and history enable us to be a unique resource and flexible investment partner. As an evergreen entity, Rosewood is continually seeking to invest capital in companies that share our commitment to entrepreneurism, integrity, and sound business principles.