AAR accelerates its aftermarket platform strategy by agreeing to acquire a controlling interest in MRO Holdings
The deal expands AAR’s consolidated adjusted EBITDA margin from about 12% to 16% before synergies and is expected to lift adjusted EPS.
- On Monday, aviation aftermarket services provider AAR announced it would acquire a 65% controlling interest in aircraft maintenance company MRO Holdings for about $1.8 billion.
- Driven by supply-chain constraints and jet delivery delays, the acquisition expands AAR's capacity to service a combined total of nearly 3,000 aircraft per year in its hangars.
- Adding more than $1 billion in annual revenue, the deal enhances AAR's margins while the company funds the purchase through new debt, equity, and a private investment offering.
- AAR CEO John Holmes said the acquisition will "create the largest heavy maintenance MRO in the world," with the company holding an option to buy the remaining 35% stake within six years.
- The transaction is expected to close in AAR's fiscal third quarter ending February 2027, subject to regulatory approvals and customary closing conditions.
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HAECO Americas' parent company AAR plans to take majority stake in MRO Holdings
MRO Holdings is a leading global MRO company founded in the 1980s with more than 10,000 employees in the U.S., Colombia, El Salvador and Mexico and 115 lines of airframe maintenance capacity.
Beatrice Daily Sun
AAR accelerates its aftermarket platform strategy by agreeing to acquire a controlling interest in MRO Holdings
Acquisition significantly enhances AAR's scale, margins, and cash flow profileAdds more than $1 billion in revenue supporting blue-chip, U.S. airline customersExpands AAR's consolidated adjusted EBITDA margins1 from approximately 12% to 16%, before synergiesExpected to be accretive to adjusted EPS in…
Deal Roundup: AAR strikes $4bn-EV deal for Bain-backed MRO; GTCR buys Tactacam
AAR has agreed to acquire a 65% controlling interest in Bain Capital-backed MRO Holdings at a $4bn implied enterprise value, paying about $1.8bn of equity value for the initial stake and repaying roughly $1.3bn of MRO’s existing borrowings.
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