Who Owns Arconic Company?

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Who owns Arconic Corporation?

Understanding a company's ownership is key to its strategy and market position. Arconic Corporation, a leader in advanced aluminum solutions, became privately held following its acquisition by Apollo Global Management in August 2023.

This transition marked a significant change from its previous status as a publicly traded company. Arconic's history is deeply rooted, with origins tracing back to 1888 and a former connection to Alcoa Inc.

Who owns Arconic Corporation today?

Apollo Global Management is the current owner of Arconic Corporation. This acquisition in August 2023 shifted Arconic from being a public company to a privately held entity. Prior to this, Arconic had operated as a public company, having been spun off to focus specifically on rolled aluminum products, a segment that includes items like aluminum sheet and plate crucial for industries such as aerospace and automotive. The company's expertise extends to producing advanced aluminum solutions, including extrusions, which are vital components in various applications. For a deeper understanding of the competitive landscape Arconic operates within, consider an Arconic Porter's Five Forces Analysis.

The ownership of Arconic Corporation is a result of corporate restructuring, tracing its roots back to Alcoa Inc., founded in 1888. Arconic Corporation itself was established as an independent entity on April 1, 2020, following a spin-off from Arconic Inc., which then became Howmet Aerospace Inc.

Corporate Lineage

Arconic Corporation's origins are tied to Alcoa Inc., established in 1888. The company's direct lineage as a separate entity began with a spin-off event.

Spin-off from Alcoa

In November 2016, Arconic Inc. was formed as a spin-off from Alcoa Inc. Alcoa Inc. shareholders received new Alcoa Corporation shares while retaining their existing Alcoa Inc. shares, which were renamed Arconic Inc.

Formation of Arconic Corporation

On April 1, 2020, Arconic Corporation was spun off from Arconic Inc. This created a new, independent publicly traded company. It began trading on the New York Stock Exchange under the ticker 'ARNC'.

Initial Public Ownership

The initial ownership of Arconic Corporation was distributed to the shareholders of Arconic Inc. as of March 19, 2020. This included institutional investors, mutual funds, and individual investors.

No Traditional Founders

Arconic Corporation does not have 'founders' in the traditional sense. Its establishment was a corporate action, resulting in a broad base of public shareholders from the outset.

Tax-Free Distribution

The spin-off agreements were structured to ensure a tax-free distribution for U.S. federal income tax purposes to the shareholders involved in the transaction.

The creation of Arconic Corporation as a distinct entity on April 1, 2020, was a strategic move to separate specific business segments. This separation meant that the ownership of Arconic Corporation was initially held by the public shareholders of its former parent, Arconic Inc. (now Howmet Aerospace Inc.). The distribution of shares was pro rata, meaning shareholders received Arconic Corporation shares in proportion to their holdings in Arconic Inc. at the time of the record date. This process effectively dispersed ownership across a wide range of investors, rather than concentrating it with a few individuals or a single entity, reflecting its status as a publicly traded company. Understanding the Target Market of Arconic provides context for its operational structure and ownership distribution.

Key Ownership Details

Arconic Corporation's ownership structure is a direct result of corporate spin-offs, creating a publicly traded company with a dispersed shareholder base.

• Established as an independent public company on April 1, 2020.
• Initial ownership distributed to shareholders of Arconic Inc.
• No single 'founder' in the traditional sense.
• Ownership is held by a broad base of public shareholders.

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The ownership of Arconic Corporation has seen significant shifts, most notably its transition from a publicly traded entity to a privately held company. These changes have reshaped its governance and strategic direction.

Following its spin-off from Arconic Inc. on April 1, 2020, Arconic Corporation operated as a public company. During this period, institutional investors were the dominant Arconic shareholders, typically holding between 80-90% of the outstanding shares as of early 2025. Key institutional holders included The Vanguard Group, BlackRock Inc., and State Street Corp., whose investment strategies significantly influenced the company's trajectory.

Arconic's Ownership Transformation

A major turning point in Arconic company ownership occurred in May 2023 with an acquisition agreement by Apollo Global Management. This transaction, valued at approximately $5.2 billion enterprise value including debt, marked the end of its public trading era.

• Acquisition by Apollo Global Management completed on August 18, 2023.
• Transitioned from a public company to a private entity.
• No longer trades on the New York Stock Exchange.
• Apollo Global Management is the primary owner, operating through Arsenal AIC Parent LLC.
• A minority investment was also made by Irenic Capital Management.

As of the current period, the primary owner of Arconic Corporation is Apollo Global Management, through its affiliate Arsenal AIC Parent LLC. This shift to private equity ownership allows Arconic to pursue its long-term strategic objectives with the support of Apollo's extensive industry expertise and network. This change fundamentally alters the company's strategic and governance framework, moving away from the demands of quarterly public reporting towards a more flexible, long-term investment horizon under its private equity owners. Understanding the Competitors Landscape of Arconic is crucial in evaluating its market position under this new ownership structure.

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Since August 2023, Arconic Corporation operates as a privately held entity, with its Board of Directors' composition and influence directly reflecting its private equity owner, Apollo Global Management. The board's primary role is to oversee the company's operations and champion the interests of its shareholders, which are predominantly funds managed by Apollo.

The voting power within Arconic Corporation is now concentrated with Apollo Global Management, the entity that finalized the acquisition. This shift from public to private ownership means the traditional one-share-one-vote principle no longer applies, effectively removing the possibility of public proxy fights or activist investor campaigns that were characteristic during its time as a publicly traded company. For instance, during its public phase, Arconic Inc. experienced activist campaigns, such as from Elliott Management, which led to board representation and subsequent restructuring that included a spin-off. The current governance framework is entirely shaped by the terms of the private acquisition, with the focus shifting to strategic direction set by the private equity owner.

Arconic's Governance Shift

Arconic's transition to private ownership under Apollo Global Management has fundamentally altered its governance structure. The board now directly represents the interests of the private equity firm.

• Apollo Global Management is the primary owner.
• Chris Ayers serves as CEO and Chairman of the Board.
• Tim Myers transitioned to Lead Outside Director.
• Public market governance principles are no longer applicable.
• Decision-making authority rests with the private equity owner.

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Over the last few years, Arconic Corporation has undergone significant transformations, particularly concerning its ownership structure and strategic focus. These changes have reshaped its position in the market and its operational direction.

The most pivotal recent development for Arconic Corporation was its acquisition by affiliates of Apollo Global Management, Inc. in August 2023. This transaction, valued at approximately $5.2 billion, transitioned Arconic from a publicly traded entity to a privately held company. This move is indicative of a broader trend where private equity firms acquire companies to implement long-term strategies away from the immediate pressures of public markets. The privatization means that future ownership changes and strategic decisions are now determined by Apollo Global Management, aligning with their investment objectives.

Arconic's Transition to Private Ownership

In August 2023, Arconic was acquired by Apollo Global Management, marking a significant shift from public to private ownership. This strategic move allows for focused long-term development without public market scrutiny.

Divestitures and Strategic Realignment

Arconic has strategically divested certain operations, including its Russian business in 2022 and China-based manufacturing in 2024. These actions aim to streamline operations and focus on core competencies.

Impact of Private Equity Ownership

With Apollo Global Management as the primary owner, Arconic's strategic direction and Growth Strategy of Arconic will be shaped by the private equity firm's investment horizon and operational improvement plans.

Understanding Arconic's Current Ownership

Understanding who owns Arconic now involves recognizing Apollo Global Management as the controlling entity. This private ownership structure influences how Arconic company decisions are made and its future trajectory.

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