The marriage of the businesses will create one of the largest global providers of powertrain equipment with highly complementary product portfolios, and aftermarket parts and related services for the agricultural, construction and wind power end markets.
Under CVC's ownership, AOC combined with The Alpha Corporation to become a global composites leader that today has production facilities spanning the US, Canada, Mexico, Europe, and Asia.
The funding will accelerate the company's broad infrastructure, digital initiatives and Reserve membership, coming amid the nationwide roll out of Jet Edge's AdvantEdge charter management platform.