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Business
Published
03/14/10
PAROLE - Unnamed sources have leaked proprietary information that The Carlyle Group, a Washington, D.C., private equity firm, has hired another firm to find a buyer for ARINC, the Parole-based avionics defense firm that has been in Carlyle's portfolio since 2007, according to news services Bloomberg and Reuters.
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The sale could reach $1 billion, according to the wire reports last week, which also said Goldman Sachs had been charged with finding suitable bidders. ARINC, employing about 1,400 employees and headquartered on Admiral Cochrane Drive, was purchased three years ago by Carlyle from its financially...
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