AAR Corp to Acquire Majority Stake in Aircraft Maintenance Firm for $1.8 Billion
The aviation services supplier is expanding its maintenance capabilities with the acquisition of MRO Holdings.
AAR Corp. has agreed to purchase a majority stake in MRO Holdings, a portfolio company backed by investment firm Bain Capital, in a deal valued at $1.8 billion. The acquisition is set to enhance AAR’s aircraft maintenance, repair, and overhaul (MRO) capabilities.
MRO Holdings operates as a significant player in the aviation aftermarket, providing essential maintenance services to commercial airlines. This strategic move by AAR aims to consolidate its position in the growing aircraft MRO market, which is experiencing increased demand as global air travel recovers and fleets age.
The transaction is subject to customary closing conditions. Further details regarding the integration plan and the financial impact on AAR are expected following the completion of the deal.