Architect Equity Acquires AAR's Aerospace Composites Division (renamed Aeromatrix Composites)

AAR to Acquire 65% Controlling Interest in MRO Holdings

September 28, 2026

Aerospace & Defense

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.

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.

Arlington Capital Partners Acquires Triumph's Composites Business to Form Qarbon Aerospace

May 10, 2021

Aerospace & Defense

Arlington Capital Partners completed the acquisition of Triumph Group, Inc.'s composites business and has established the business as Qarbon Aerospace. The newly independent company will operate large composite manufacturing facilities in Red Oak, Texas; Milledgeville, Georgia; and Rayong, Thailand, positioning it as a specialized aerostructures supplier to commercial, defense and business-jet OEMs.

Spirit AeroSystems Acquires Assets of Applied Aerodynamics

April 27, 2021

Aerospace & Defense

Spirit AeroSystems (NYSE: SPR) acquired the assets of Applied Aerodynamics, a composite MRO provider based in Farmers Branch, Texas. The acquisition expands Spirit’s aftermarket and composite repair capabilities, adding a 120,000-square-foot facility and workforce to improve turnaround times and broaden repair scope for commercial and defense customers.