• Public listing possible later this year or next year
• Bankers have not been appointed yet

Arcline Investment Management is preparing for a public listing of the aerospace engineered components platform Arxis, five sources familiar with the matter said.

Bankers have not yet been appointed for the potential IPO, two of the sources said. The expectation is Arcline may file for an IPO of Arxis later this year or in 2026, two sources said.

Market conditions have greatly improved for IPOs, one of the sources said. The source pointed out that another aerospace-related company, Firefly Aerospace, this week said it expects to price its IPO at between USD 41 and USD 43 per share, up from a previous estimate of USD 35-USD 39.

Nashville, Tennessee-based Arcline has been rejecting inbound interest for parts of Arxis, which is another indication it is going forward with an IPO, two of the sources said.

The company has also held early look meetings with buysiders, one source said.

Arxis is estimated to generate north of USD 500m in EBITDA and at least USD 1.5bn in revenue for 2025, as reported by this news service in May. Comps to Arxis are aerospace components makers TransDigm and HEICO, it was further reported.

In June, Arxis, through its Integrated Polymer Solutions business, announced the acquisition of Oldham Seals Group, a manufacturer of highly engineered elastomeric and polymer products, for an undisclosed amount.

A spokesperson for Arcline Investment Management declined to comment.