Republic Airways Holdings and Mesa Air Group Complete Merger to Form Combined Regional Airline

Spirit Airlines and Frontier Group Announce Merger to Form Ultra-Low Fare Airline

February 7, 2022

Transportation

Spirit Airlines and Frontier Group Holdings (parent of Frontier Airlines) entered into a definitive merger agreement to combine their businesses and create an ultra-low fare airline. The amended terms increased Frontier’s cash consideration to Spirit shareholders and raised the reverse termination fee, with the deal still subject to customary regulatory and stockholder approvals.

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.

Vectrus and The Vertex Company to Combine in All-Stock Merger

March 7, 2022

Aerospace & Defense

Vectrus, Inc. and The Vertex Company announced an all-stock merger to create a leading global provider of mission-essential government services. The combined company will have pro forma 2021 revenue of approximately $3.4 billion, pro forma backlog of about $11.3 billion, and is expected to deliver cost synergies and enhanced capabilities while maintaining Vectrus’s NYSE listing and a Northern Virginia headquarters post-close.

RIM Enterprises Merges with Alliance Air Parts to Form RIM Alliance

June 12, 2025

Aerospace & Defense

RIM Enterprises has merged with Alliance Air Parts to create a combined aftermarket aircraft-parts business operating as RIM Alliance. XLCS Partners served as exclusive advisor to RIM on the transaction, which closed on June 12, 2025; Alliance — which partnered with ACapitalFund in early 2024 — brings complementary teardown, distribution and rental capabilities to expand inventory, capabilities and reach.

American Bancorp Inc. Merges with New Republic Partners Inc.

November 7, 2025

Financial Services

American Bancorp Inc., parent of American Pride Bank, completed a stock-for-stock merger with New Republic Partners Inc., the parent company of Charlotte-based New Republic Bank. The deal makes New Republic Bank a sister bank to American Pride Bank and expands American Bancorp's presence across the Southeast, bringing the combined company to roughly $900 million in assets.

Alaska Airlines Completes Acquisition of Hawaiian Airlines

September 18, 2024

Transportation

Alaska Air Group completed its acquisition of Hawaiian Holdings (Hawaiian Airlines) in an all-cash deal valued at about $1.9 billion. The combination expands Alaska’s network across the Pacific and enhances guest benefits by integrating loyalty, lounges, and future unified operations while preserving both airline brands.