AAR agrees to acquire a controlling interest in MRO Holdings
The transaction values the provider at an implied $4.0 billion enterprise value and combines more than four decades of aircraft MRO experience across the Americas.
Corrections and updates
- Correct the headline to say AAR agreed to acquire a controlling interest; the announcement does not identify Bain as the seller, and Bain remains an investor after closing.Supporting source ↗
MRO Holdings, a global provider of aircraft maintenance, repair, and overhaul services, has agreed to sell a 65% controlling interest to AAR CORP. The company operates 115 lines of airframe maintenance capacity across facilities in El Salvador, Mexico, Colombia, and the United States, and approximately 90% of its revenue comes from U.S. customers.
Bain Capital, a significant minority shareholder, will remain an investor after closing. AAR said the combination will create the largest heavy maintenance MRO in the world and give the combined business nearly 3,000 aircraft serviced per year, with additional volume for component MRO and software data collection.
"This is a major milestone in MRO Holdings' evolution, and AAR is the right partner," said Roberto Kriete, Chairman of MRO Holdings. The transaction is expected to close in AAR's fiscal third quarter ending February 2027, subject to regulatory approvals.
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