Arcline-backed Signia Aerospace completed the acquisition of Goodrich Hoist & Winch business of Collins Aerospace.

Arcline-backed Signia Aerospace, a provider of high-performance systems and specialized components, completed the acquisition of Goodrich Hoist & Winch business, a provider of rescue hoists and cargo winches, of Collins Aerospace, a supplier of aerospace and defense products. Financial terms were not disclosed. “Goodrich Hoist & Winch is a leader in helicopter rescue equipment and will be an excellent addition to our Signia Mission Systems business segment. Combined, the complementary products designed and manufactured by our companies play a significant role in multiple critical airborne missions, including rescue and disaster relief operations across the globe,” Norman Jordan, Signia Aerospace CEO.