AAR to Acquire 65% Controlling Interest in MRO Holdings
September 28, 2026
AAR entered into a definitive agreement to acquire a 65% controlling interest in MRO Holdings at an implied enterprise value of $4.0 billion, while MRO Holdings’ existing owners will retain a minority stake and AAR will have options to acquire the remaining interest. The acquisition is expected to add substantial aircraft heavy-maintenance capacity and expand AAR’s aviation aftermarket platform; closing is expected in AAR’s fiscal third quarter ending February 2027, subject to regulatory approvals and customary conditions.
- Buyers
- AAR Corp.
- Targets
- MRO Holdings
- Sellers
- MROH Intermediate Holdco LLC
- Industry
- Aerospace & Defense
- Location
- Florida, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
FlyHouse Acquires Jets MRO to Expand Business Aviation Maintenance Footprint
March 10, 2026
Industrial Services
FlyHouse acquired Jets MRO to expand its aircraft maintenance capabilities and add service locations in Dallas and Miami. The deal strengthens FlyHouse’s ability to support customers in two of the largest U.S. business aviation markets.
-
AAR Corp Acquires Aircraft Reconfig Technologies
December 17, 2025
Aerospace & Defense
AAR Corp. entered into a definitive agreement to acquire Aircraft Reconfig Technologies from ZIM Aircraft Cabin Solutions for $35 million in an all-cash transaction, subject to customary adjustments and closing conditions. The acquisition is expected to close in the fourth quarter of AAR’s fiscal year 2026 and is intended to expand AAR’s engineering and in-house certification capabilities for passenger aircraft interior reconfigurations.
-
AAR Corp. Acquires HAECO Americas from HAECO Group
November 3, 2025
Aerospace & Defense
AAR Corp. has acquired HAECO Americas from HAECO Group for $78 million in cash, expanding AAR's heavy maintenance footprint with two facilities in Greensboro, North Carolina and Lake City, Florida. The deal adds roughly 1,600 employees and comes with multi-year heavy maintenance contracts worth over $850 million, which effectively sell out the acquired facilities and support AAR's Repair & Engineering growth strategy.
-
AAR CORP. Acquires Aerostrat
August 12, 2025
Aerospace & Defense
AAR CORP. has acquired Seattle-based Aerostrat, a long-range aviation maintenance planning software provider, for $15 million plus contingent consideration of up to $5 million. The deal brings Aerostrat's Aerros product into AAR's Trax suite to expand Trax's ERP and long-range planning capabilities and continue to offer Aerros as a standalone solution to airlines, MROs, and cargo operators.
-
Bain Capital Special Situations Makes Strategic Minority Investment in MRO Holdings
July 9, 2024
Aerospace & Defense
Bain Capital Special Situations has made a strategic minority (growth) investment in MRO Holdings Inc. to support the company's expansion of customer-centric initiatives and capability scaling across its Americas maintenance network. MROH’s existing management and investment partners (the Kriete family and Caoba Capital) will remain in place; financial terms were not disclosed.
-
AE Industrial Partners Acquires AIM MRO
December 2, 2019
Aerospace & Defense
AE Industrial Partners (AEI) has acquired AIM MRO, a Cincinnati-based manufacturer and supply chain manager of consumable repair products for the aerospace engine aftermarket. The transaction, which closed Dec. 2, 2019, positions AEI to expand AIM MRO's capabilities and accelerate growth across global aerospace engine and gas turbine MRO customers.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.